We have been impressed by the momentum evident in recent updates from Sky which, when combined with our newly added FY2018E forecasts, has strengthened our confidence in its medium-term growth potential. Our updated DCF-derived target price of 1,015p (previously 985p) suggests the group’s stock remains in fair value territory for now, although we will review this stance if recent share price weakness persists.

21 Aug 2015
Attractive medium-term growth

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Attractive medium-term growth
Skyline Investment S.A. (0OJU:LON) | 0 0 0.0%
- Published:
21 Aug 2015 -
Author:
Roddy Davidson -
Pages:
4 -
We have been impressed by the momentum evident in recent updates from Sky which, when combined with our newly added FY2018E forecasts, has strengthened our confidence in its medium-term growth potential. Our updated DCF-derived target price of 1,015p (previously 985p) suggests the group’s stock remains in fair value territory for now, although we will review this stance if recent share price weakness persists.