Rating Summary: Analysts at Morgan Stanley Didn’t Change their Overweight rating for Sky Plc (LON:SKY) with GBX 1000.00 Price Target

November 29, 2016 - By Louis Casey

Sky Plc (LON:SKY) Rating

The firm have set target of GBX 1000.00 on Sky Plc (LON:SKY) shares. This is 29.07% from the last stock close. In a research note issued to clients on Tuesday, 29 November, Morgan Stanley reconfirmed their Overweight rating on shares of SKY.

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 38.87% above today’s (GBX 770) stock price. Sky Plc has been the topic of 184 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Berenberg maintained the shares of SKY in a report on Friday, January 8 with “Sell” rating. The stock has “Buy” rating given by Beaufort Securities on Friday, July 29. The firm earned “Equal Weight” rating on Monday, June 6 by Morgan Stanley. The rating was maintained by JP Morgan with “Neutral” on Monday, February 1. The rating was maintained by Liberum Capital with “Sell” on Wednesday, September 30. Beaufort Securities maintained SKY PLC (LON:SKY) on Friday, April 22 with “Buy” rating. The stock of SKY PLC (LON:SKY) has “Buy” rating given on Friday, November 20 by Deutsche Bank. The firm has “Add” rating by Numis Securities given on Thursday, July 23. UBS maintained SKY PLC (LON:SKY) on Wednesday, November 4 with “Buy” rating. As per Monday, November 16, the company rating was maintained by UBS.

About 1.25 million shares traded hands. SKY PLC (LON:SKY) has declined 18.06% since April 29, 2016 and is downtrending. It has underperformed by 23.32% the S&P500.

Analysts await Skyline Corporation (NYSEMKT:SKY) to report earnings on January, 12.

Insitutional Activity: The institutional sentiment increased to 2.17 in Q2 2016. 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.

Morgan Stanley has 0% invested in the company for 1,354 shares. Wells Fargo Mn has invested 0% of its portfolio in SKY PLC (LON:SKY). Acadian Asset Mngmt Ltd Liability Corporation last reported 0% of its portfolio in the stock. Bancorp Of Mellon accumulated 13,434 shares or 0% of the stock. Moreover, Gendell Jeffrey L has 1.46% invested in SKY PLC (LON:SKY) for 759,591 shares. Northern, a Illinois-based fund reported 19,537 shares. Moreover, Gabelli Funds Lc has 0.01% invested in SKY PLC (LON:SKY) for 185,990 shares. Blackrock Institutional Communication Na reported 189,730 shares or 0% of all its holdings. Venator Capital Mgmt owns 524,492 shares or 4.16% of their US portfolio. Moreover, Tower Research Capital Ltd (Trc) has 0% invested in SKY PLC (LON:SKY) for 194 shares. Investec Asset Mgmt holds 0.01% of its portfolio in SKY PLC (LON:SKY) for 144,620 shares. Robotti Robert holds 64,700 shares or 0.22% of its portfolio. Federated Investors Inc Pa reported 1,022 shares or 0% of all its holdings. Thompson Davis And Incorporated accumulated 250 shares or 0% of the stock. Bridgeway Capital Mngmt last reported 20,100 shares in the company.

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

Sky plc is an entertainment and communications company. The company has a market cap of 13.24 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 19.9 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.

Another recent and important SKY PLC (LON:SKY) news was published by Seekingalpha.com which published an article titled: “Sky Plc (SKYAY) Q1 2017 Results – Earnings Call Transcript” on October 13, 2016.

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