Rating Coverage: 85.31% to Target, Macquarie Maintains Outperform Rating for Sky (LON:SKY) Stock

November 23, 2016 - By Vivian Park

Sky (LON:SKY) Rating

Professional analysts at Macquarie have GBX 1400.00 TP on Sky (LON:SKY). Macquarie’s TP means a potential upside of 85.31% from the company’s previous close. The rating was released in an analyst report on Wednesday morning.

SKY PLC (LON:SKY) Ratings Coverage

Out of 24 analysts covering Sky Plc (LON:SKY), 14 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 58% are positive. GBX 1500 is the highest target while GBX 1 is the lowest. The GBX 1069.30 average target is 40.88% above today’s (GBX 759) stock price. Sky Plc has been the topic of 183 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank on Friday, April 22 with “Buy”. On Friday, July 29 the stock rating was maintained by Kepler Cheuvreux with “Hold”. Barclays Capital maintained SKY PLC (LON:SKY) on Tuesday, July 28 with “Overweight” rating. On Thursday, October 22 the stock rating was maintained by Deutsche Bank with “Buy”. The company was maintained on Wednesday, October 12 by Societe Generale. The firm earned “Outperform” rating on Friday, July 29 by RBC Capital Markets. The firm has “Overweight” rating given on Monday, April 18 by Barclays Capital. The company was maintained on Friday, January 8 by Berenberg. The rating was maintained by Barclays Capital on Thursday, August 6 with “Overweight”. Citigroup maintained the stock with “Buy” rating in Wednesday, April 27 report.

About 1.56 million shares traded hands. SKY PLC (LON:SKY) has declined 20.76% since April 25, 2016 and is downtrending. It has underperformed by 26.09% the S&P500.

Insitutional Activity: The institutional sentiment increased to 2.17 in 2016 Q2. Its up 0.88, from 1.29 in 2016Q1. The ratio increased, as 8 funds sold all SKY PLC shares owned while 6 reduced positions. 6 funds bought stakes while 12 increased positions. They now own 4.31 million shares or 23.87% more from 3.48 million shares in 2016Q1.

Eam Invsts Limited Liability accumulated 0.2% or 144,440 shares. Thompson Davis last reported 0% of its portfolio in the stock. Moreover, Venator Cap Management Limited has 4.16% invested in SKY PLC (LON:SKY) for 524,492 shares. Bridgeway Mgmt has 0% invested in the company for 20,100 shares. Blackrock Fund Advsr has invested 0% of its portfolio in SKY PLC (LON:SKY). Tower Cap (Trc) last reported 0% of its portfolio in the stock. Moreover, Gabelli Funds has 0.01% invested in SKY PLC (LON:SKY) for 185,990 shares. Nationwide Fund has 0% invested in the company for 1,050 shares. Wells Fargo And Co Mn owns 1.08M shares or 0% of their US portfolio. Acadian Asset Mngmt Llc holds 1,578 shares or 0% of its portfolio. Vanguard Group Inc Incorporated, a Pennsylvania-based fund reported 233,524 shares. Blackrock Institutional Tru Na, a California-based fund reported 189,730 shares. The New York-based Teton has invested 0.04% in SKY PLC (LON:SKY). Fincl Bank Of Mellon Corp reported 13,434 shares or 0% of all its holdings. Moreover, Price T Rowe Assocs Md has 0% invested in SKY PLC (LON:SKY) for 10,063 shares.

Insider Transactions: Since November 10, 2016, the stock had 0 insider purchases, and 1 insider sale for $233,200 net activity. 20,000 shares were sold by DECIO ARTHUR J, worth $233,200.

Sky plc is an entertainment and communications company. The company has a market cap of 13.05 billion GBP. The Firm is engaged in operation of pay television broadcasting and home communications services, including provision of broadband and telephone operations. It has a 19.61 P/E ratio. It operates through three divisions: UK and Ireland, which includes activities and activities of the pay television, home communications and adjacent businesses in the United Kingdom and Ireland; Germany and Austria, which includes activities and activities of the pay television and adjacent businesses in Germany and Austria, and Italy, which includes activities and activities of the pay television and adjacent businesses in Italy.

According to Zacks Investment Research, “Skyline Corporation designs, produces and distributes manufactured housing and recreational vehicles.”

SKY Company Profile

Skyline Corporation, incorporated on May 29, 1959, designs, produces and markets manufactured housing, modular housing and park models to independent dealers and manufactured housing communities located throughout the United States and Canada. As of May 31, 2016, the Company sold 3,217 manufactured homes, 360 modular homes and 337 park models. The Company’s housing products are marketed under a number of trademarks. They are available in lengths ranging from 30 feet to 76 feet and in singlewide widths from 12 feet to 18 feet, doublewide widths from 18 feet to 32 feet, and triplewide widths from 36 feet to 46 feet. As of May 31, 2016, the area of a singlewide ranges from approximately 400 to 1,200 square feet, a doublewide from approximately 700 to 2,400 square feet, and a triplewide from approximately 1,600 to 2,900 square feet.

More news for SKY PLC (LON:SKY) were recently published by: Reuters.com, which released: “BRIEF-Sky Plc COO comments on UK govt’s broadband announcement” on November 22, 2016. Fool.Co.Uk‘s article titled: “Brexit bargains: Sky plc, ITV plc and BT Group plc” and published on June 29, 2016 is yet another important article.

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