Berenberg Bank restated their sell rating on shares of British Sky Broadcasting Group plc (LON:BSY) in a research note issued to investors on Friday. The firm currently has a GBX 680 ($11.40) price target on the stock.
Berenberg Bank has also modified their ratings on a number of other stocks in the few days. The firm downgraded shares of Portugal Telecom, SGPS from a buy rating to a hold rating. Also, Berenberg Bank downgraded shares of Vodafone Group Plc (ADR) from a buy rating to a hold rating. Finally, Berenberg Bank reiterated its buy rating on shares of BT Group plc (ADR).
Shares of British Sky Broadcasting Group plc (LON:BSY) opened at 883.50 on Friday. British Sky Broadcasting Group plc has a 52 week low of GBX 761.307 and a 52 week high of GBX 954.00. The stock’s 50-day moving average is GBX 879. and its 200-day moving average is GBX 870.8. The company’s market cap is £13.774 billion.
Several other analysts have also recently commented on the stock. Analysts at Espirito Santo Investment Bank Research raised their price target on shares of British Sky Broadcasting Group plc from GBX 1,110 ($18.61) to GBX 1,170 ($19.61) in a research note on Friday, May 23rd. They now have a buy rating on the stock. Separately, analysts at Nomura reiterated a reduce rating on shares of British Sky Broadcasting Group plc in a research note on Friday, May 23rd. They now have a GBX 870 ($14.59) price target on the stock. Eight investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 890.22 ($14.92).
British Sky Broadcasting Group plc (LON:BSY) is an entertainment and communications provider.
To view Berenberg Bank’s full report, visit Berenberg Bank’s official website.
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