November 30, 2016 - By Clifton Ray
In an analyst note sent to investors on Wednesday, 30 November, Sky (LON:SKY) stock had its “Overweight” Rating reconfirmed by professional analysts at Barclays. They currently have a GBX 1050.00 target price on company. Barclays’s target gives a potential upside of 36.36% from the company’s last stock close.
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 38.69% above today’s (GBX 771) stock price. Sky Plc has been the topic of 187 analyst reports since July 23, 2015 according to StockzIntelligence Inc. As per Wednesday, October 7, the company rating was maintained by UBS. The stock of SKY PLC (LON:SKY) has “Sell” rating given on Wednesday, July 20 by Haitong Securities. The stock of SKY PLC (LON:SKY) earned “Hold” rating by Kepler Cheuvreux on Monday, January 25. Haitong Securities maintained SKY PLC (LON:SKY) on Thursday, February 18 with “Sell” rating. The stock has “Neutral” rating given by JP Morgan on Thursday, May 5. Haitong Securities maintained the shares of SKY in a report on Friday, February 26 with “Sell” rating. As per Friday, October 14, the company rating was maintained by Barclays Capital. Liberum Capital maintained SKY PLC (LON:SKY) rating on Thursday, January 28. Liberum Capital has “Sell” rating and GBX 530 price target. The rating was maintained by Citigroup with “Buy” on Wednesday, November 30. On Friday, July 29 the stock rating was maintained by Barclays Capital with “Overweight”.
About 2.28 million shares traded hands. SKY PLC (LON:SKY) has declined 17.47% since May 2, 2016 and is downtrending. It has underperformed by 22.70% 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 2016 Q2. Its up 0.88, from 1.29 in 2016Q1. The ratio improved, 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.
Walleye Trading Ltd last reported 5,300 shares in the company. The New York-based Renaissance Technology Ltd Limited Liability Company has invested 0% in SKY PLC (LON:SKY). Blackrock Fund Advisors holds 0% or 18,061 shares in its portfolio. Gabelli Funds Ltd Limited Liability Company has 185,990 shares for 0.01% of their US portfolio. Blackrock Invest Mgmt Lc owns 1,210 shares or 0% of their US portfolio. Wells Fargo And Communication Mn holds 0% of its portfolio in SKY PLC (LON:SKY) for 1.08 million shares. Teton Inc holds 0.04% of its portfolio in SKY PLC (LON:SKY) for 47,796 shares. Bridgeway Cap Management Incorporated accumulated 0% or 20,100 shares. Moreover, Acadian Asset Mgmt Ltd Com has 0% invested in SKY PLC (LON:SKY) for 1,578 shares. Moreover, Northern has 0% invested in SKY PLC (LON:SKY) for 19,537 shares. Nationwide Fund Advsr, a Pennsylvania-based fund reported 1,050 shares. Price T Rowe Assoc Md has invested 0% of its portfolio in SKY PLC (LON:SKY). Morgan Stanley has 0% invested in the company for 1,354 shares. Thompson Davis &, a Virginia-based fund reported 250 shares. Federated Invsts Pa holds 1,022 shares or 0% of its portfolio.
Insider Transactions: Since November 10, 2016, the stock had 0 insider purchases, and 1 sale for $233,200 net activity. Shares for $233,200 were sold by DECIO ARTHUR J.
Sky plc is an entertainment and communications company. The company has a market cap of 13.25 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 19.92 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.”
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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By Clifton Ray