Rating Worth Watching: Sky Plc (LON:SKY) Outperform Rating Reconfirmed by Analysts at Macquarie; With GBX 1400.00 Target

November 30, 2016 - By Nellie Frank

Sky Plc (LON:SKY) Rating

Macquarie currently has a GBX 1400.00 price target on the 13.25B GBP market cap company or 81.41% upside potential. In an analyst report revealed to investors on Wednesday morning, Sky Plc (LON:SKY) stock had its Outperform Rating maintained by 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 38.78% above today’s (GBX 770.5) stock price. Sky Plc has been the topic of 187 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating given on Thursday, July 7 by Haitong Securities. The firm earned “Sell” rating on Wednesday, July 29 by Liberum Capital. As per Friday, August 19, the company rating was maintained by Liberum Capital. The stock has “Equal-Weight” rating given by Morgan Stanley on Thursday, February 18. The stock of SKY PLC (LON:SKY) has “Sell” rating given on Monday, February 1 by Haitong Securities. The stock of SKY PLC (LON:SKY) earned “Sell” rating by Haitong Securities on Wednesday, January 27. As per Tuesday, July 26, the company rating was maintained by Haitong Securities. The firm has “Hold” rating given on Friday, July 29 by Kepler Cheuvreux. The stock of SKY PLC (LON:SKY) has “Buy” rating given on Friday, April 22 by Beaufort Securities. Berenberg maintained the stock with “Sell” rating in Friday, January 8 report.

About 1.37 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 Lc holds 0% or 5,300 shares in its portfolio. Geode Capital Management Limited Liability accumulated 52,358 shares or 0% of the stock. Morgan Stanley, a New York-based fund reported 1,354 shares. Renaissance Tech Ltd Llc owns 180,100 shares or 0% of their US portfolio. Wells Fargo Mn last reported 1.08 million shares in the company. Federated Invsts Inc Pa last reported 0% of its portfolio in the stock. Dimensional Fund Advisors Ltd Partnership has 0% invested in the company for 258,460 shares. Teton Advsr Inc has 0.04% invested in the company for 47,796 shares. The Texas-based Bridgeway Mngmt has invested 0% in SKY PLC (LON:SKY). Blackrock Invest Management Lc last reported 0% of its portfolio in the stock. Vanguard Gru Inc has 233,524 shares for 0% of their US portfolio. Gendell Jeffrey L has 759,591 shares for 1.46% of their US portfolio. Eam Investors Llc holds 0.2% or 144,440 shares in its portfolio. Gabelli Funds Ltd Liability Corporation last reported 185,990 shares in the company. Investec Asset Mgmt Ltd last reported 144,620 shares in the company.

Insider Transactions: Since November 10, 2016, the stock had 0 insider buys, and 1 sale for $233,200 net activity. DECIO ARTHUR J sold $233,200 worth of SKY PLC (LON:SKY) on Thursday, November 10.

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 19.91 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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