Today’s Rating: Barclays Capital Kept Sky Plc (LON:SKY) As Overweight; Has Price Objective Of GBX 1050.00

November 30, 2016 - By Marguerite Chambers

Sky Plc (LON:SKY) Rating

In a research note sent to clients and investors on Wednesday morning, Sky Plc (LON:SKY) stock had its Overweight Rating reaffirmed by analysts at Barclays Capital. They currently have a GBX 1050.00 TP on firm. Barclays Capital’s target means a potential upside of 35.27% from the company’s last price.

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 39.07% above today’s (GBX 768.87) stock price. Sky Plc has been the topic of 187 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of SKY PLC (LON:SKY) earned “Buy” rating by Deutsche Bank on Thursday, July 21. The firm earned “Neutral” rating on Monday, February 1 by JP Morgan. The rating was maintained by Deutsche Bank with “Buy” on Monday, August 10. The stock of SKY PLC (LON:SKY) has “Overweight” rating given on Tuesday, July 28 by Barclays Capital. Haitong Securities maintained the stock with “Sell” rating in Wednesday, February 10 report. The rating was maintained by Citigroup on Friday, November 4 with “Buy”. The firm earned “Buy” rating on Thursday, September 10 by Nomura. Kepler Cheuvreux maintained the shares of SKY in a report on Tuesday, February 2 with “Hold” rating. Haitong Securities maintained it with “Neutral” rating and GBX 875 target price in Thursday, September 15 report. Liberum Capital maintained SKY PLC (LON:SKY) on Thursday, October 13 with “Sell” rating.

About 1.29M 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.

Venator Capital Management Ltd, a Ontario – Canada-based fund reported 524,492 shares. Geode Capital Mngmt Limited Liability Com holds 0% or 52,358 shares in its portfolio. Eam Limited has 0.2% invested in the company for 144,440 shares. Teton Advisors, a New York-based fund reported 47,796 shares. Tower Rech Capital Limited Liability Corporation (Trc), a New York-based fund reported 194 shares. Bankshares Of Mellon owns 13,434 shares or 0% of their US portfolio. Northern Trust Corp holds 0% of its portfolio in SKY PLC (LON:SKY) for 19,537 shares. Walleye Trading Limited Liability Corp last reported 5,300 shares in the company. Blackrock Inv Management Llc reported 1,210 shares or 0% of all its holdings. Thompson Davis And Co last reported 0% of its portfolio in the stock. Price T Rowe Assocs Md has invested 0% of its portfolio in SKY PLC (LON:SKY). Federated Pa, a Pennsylvania-based fund reported 1,022 shares. Moreover, Acadian Asset Mngmt Ltd Company has 0% invested in SKY PLC (LON:SKY) for 1,578 shares. Moreover, Blackrock Institutional Na has 0% invested in SKY PLC (LON:SKY) for 189,730 shares. Renaissance Techs Ltd Liability accumulated 0% or 180,100 shares.

Insider Transactions: Since November 10, 2016, the stock had 0 buys, 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 13.22 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 19.87 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.

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