British Sky Broadcasting Group (LON:BSY) was downgraded by stock analysts at Nomura to a “reduce” rating in a report issued on Monday, AnalystRatings.Net reports. They currently have a GBX 850 ($13.60) target price on the stock, down from their previous target price of GBX 1,040 ($16.65). Nomura’s target price would suggest a potential downside of 8.60% from the stock’s previous close.
Shares of British Sky Broadcasting Group (LON:BSY) opened at 930.00 on Monday. British Sky Broadcasting Group has a 52-week low of GBX 742.50 and a 52-week high of GBX 951.00. The stock has a 50-day moving average of GBX 903.7 and a 200-day moving average of GBX 843.0. The company’s market cap is £14.620 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of British Sky Broadcasting Group in a research note to investors on Monday. They now have a GBX 1,000 ($16.01) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of British Sky Broadcasting Group to a “buy” rating in a research note to investors on Tuesday, November 5th. They now have a GBX 1,120 ($17.93) price target on the stock, down previously from GBX 1,170 ($18.73). Finally, analysts at Westhouse Securities downgraded shares of British Sky Broadcasting Group to a “neutral” rating in a research note to investors on Monday, November 4th. They now have a GBX 985 ($15.77) price target on the stock. Eight analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 873.51 ($13.98).
British Sky Broadcasting Group plc (LON:BSY) and its subsidiaries operates multichannel, multiplatform pay television service in the United Kingdom and Ireland.
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