BNP Paribas reissued their outperform rating on shares of Sky Plc (LON:SKY) in a research report released on Wednesday morning. The brokerage currently has a GBX 1,075 ($14.03) price objective on the stock.
SKY has been the topic of several other reports. Berenberg Bank cut their price objective on shares of Sky Plc from GBX 784 ($10.23) to GBX 730 ($9.53) and set a sell rating on the stock in a research report on Friday, July 1st. Societe Generale restated a buy rating and set a GBX 1,350 ($17.62) price target on shares of Sky Plc in a research report on Thursday, June 16th. Numis Securities Ltd upgraded shares of Sky Plc to a buy rating and set a GBX 1,250 ($16.32) price target on the stock in a research report on Thursday, July 28th. Haitong Bank restated a sell rating and set a GBX 875 ($11.42) price target on shares of Sky Plc in a research report on Thursday, July 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Sky Plc from GBX 965 ($12.60) to GBX 985 ($12.86) and gave the stock a neutral rating in a research report on Tuesday, July 26th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 1,052.68 ($13.74).
Sky Plc (LON:SKY) opened at 899.20 on Wednesday. Sky Plc has a 52 week low of GBX 560.00 and a 52 week high of GBX 1,134.00. The stock’s market cap is GBX 15.36 billion. The company’s 50 day moving average is GBX 858.78 and its 200 day moving average is GBX 915.29.
The firm also recently announced a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be paid a GBX 20.95 ($0.27) dividend. The ex-dividend date is Thursday, October 6th. This is a boost from Sky Plc’s previous dividend of $12.55. This represents a yield of 2.32%.
In other Sky Plc news, insider Dave Lewis bought 337 shares of Sky Plc stock in a transaction on Tuesday, September 27th. The stock was purchased at an average cost of GBX 842 ($10.99) per share, for a total transaction of £2,837.54 ($3,703.88). Also, insider Darroch,Jeremy bought 61,793 shares of Sky Plc stock in a transaction on Tuesday, August 30th. The stock was acquired at an average price of GBX 864 ($11.28) per share, with a total value of £533,891.52 ($696,895.34).
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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