Kepler Capital Markets reaffirmed their hold rating on shares of Sky Plc (LON:SKY) in a research note issued to investors on Tuesday morning. Kepler Capital Markets currently has a GBX 1,100 ($14.36) price target on the stock.
Several other analysts have also recently issued reports on the stock. Morgan Stanley reaffirmed an overweight rating and issued a GBX 1,000 ($13.05) price target on shares of Sky Plc in a report on Tuesday. Goldman Sachs Group Inc. reiterated a buy rating on shares of Sky Plc in a research note on Tuesday. Liberum Capital reiterated a sell rating and set a GBX 630 ($8.22) target price on shares of Sky Plc in a research note on Thursday, September 22nd. Beaufort Securities reiterated a buy rating on shares of Sky Plc in a research note on Thursday, September 15th. Finally, Haitong Bank reiterated a neutral rating and set a GBX 875 ($11.42) target price on shares of Sky Plc in a research note on Thursday, September 15th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of GBX 1,050.41 ($13.71).
Shares of Sky Plc (LON:SKY) opened at 901.00 on Tuesday. The stock has a 50 day moving average of GBX 858.32 and a 200 day moving average of GBX 915.77. The firm’s market cap is GBX 15.39 billion. Sky Plc has a 1-year low of GBX 560.00 and a 1-year high of GBX 1,134.00.
The firm also recently declared a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be issued a GBX 20.95 ($0.27) dividend. This represents a yield of 2.32%. This is an increase from Sky Plc’s previous dividend of $12.55. The ex-dividend date of this dividend is Thursday, October 6th.
In other news, insider Darroch,Jeremy acquired 61,793 shares of Sky Plc stock in a transaction on Tuesday, August 30th. The stock was bought at an average cost of GBX 864 ($11.28) per share, with a total value of £533,891.52 ($696,895.34). Also, insider Sukawaty,Andrew (Andy) acquired 114 shares of Sky Plc stock in a transaction on Friday, August 26th. The shares were purchased at an average cost of GBX 870 ($11.36) per share, with a total value of £991.80 ($1,294.61).
About Sky Plc
Sky plc, formerly British Sky Broadcasting Group plc is an entertainment company. The Company serves approximately 21 million customers across five countries: Italy, Germany, Austria, the United Kingdom and Ireland. The Company owns and operates Britain and Ireland’s portfolio of pay television (TV) channels across entertainment, sports, movies and 24-hour news.
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