Ratings Don’t Lie: 79.49% to Target, Macquarie Reiterates Outperform Rating for Sky Plc (LON:SKY) Stock

November 23, 2016 - By Clifton Ray

Sky Plc (LON:SKY) Rating

Macquarie currently has a GBX 1400.00 PT on the 13.08 billion GBP market cap company or 79.49% upside potential. In an analyst note sent to clients and investors on 23 November, Sky Plc (LON:SKY) stock had its Outperform Rating maintained by equity research analysts at Macquarie.

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 40.51% above today’s (GBX 761) stock price. Sky Plc has been the topic of 183 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, June 13 by Citigroup. Beaufort Securities maintained the shares of SKY in a report on Friday, July 29 with “Buy” rating. Haitong Securities maintained the shares of SKY in a report on Monday, February 1 with “Sell” rating. The rating was maintained by RBC Capital Markets on Friday, July 29 with “Outperform”. Barclays Capital maintained the stock with “Overweight” rating in Thursday, August 6 report. The rating was maintained by Liberum Capital with “Sell” on Thursday, December 3. The rating was maintained by Deutsche Bank with “Buy” on Monday, August 10. The stock of SKY PLC (LON:SKY) earned “Neutral” rating by JP Morgan on Tuesday, July 26. The stock of SKY PLC (LON:SKY) has “Buy” rating given on Friday, May 13 by Citigroup. The firm earned “Hold” rating on Tuesday, June 21 by Jefferies.

About 843,100 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 is positive, 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.

Price T Rowe Md holds 10,063 shares or 0% of its portfolio. Investec Asset Mgmt Ltd reported 144,620 shares or 0.01% of all its holdings. Dimensional Fund Lp owns 258,460 shares or 0% of their US portfolio. Gendell Jeffrey L reported 759,591 shares or 1.46% of all its holdings. Moreover, Wells Fargo Mn has 0% invested in SKY PLC (LON:SKY) for 1.08M shares. Acadian Asset Mngmt Ltd Limited Liability Company has 1,578 shares for 0% of their US portfolio. Moreover, Northern Tru has 0% invested in SKY PLC (LON:SKY) for 19,537 shares. National Bank Of New York Mellon has 13,434 shares for 0% of their US portfolio. Venator Capital Management Ltd has 524,492 shares for 4.16% of their US portfolio. Vanguard Grp Inc Inc accumulated 233,524 shares or 0% of the stock. Gabelli Funds Limited Liability Co has invested 0.01% of its portfolio in SKY PLC (LON:SKY). Blackrock Fund Advisors last reported 18,061 shares in the company. Robotti Robert holds 0.22% of its portfolio in SKY PLC (LON:SKY) for 64,700 shares. Renaissance Technology Limited Co has invested 0% of its portfolio in SKY PLC (LON:SKY). Eam Ltd Llc accumulated 0.2% or 144,440 shares.

Insider Transactions: Since November 10, 2016, the stock had 0 buys, and 1 sale for $233,200 net activity. Shares for $233,200 were sold by DECIO ARTHUR J on Thursday, November 10.

Sky plc is an entertainment and communications company. The company has a market cap of 13.08 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 19.66 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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