Morgan Stanley reiterated their overweight rating on shares of Sky Plc (LON:SKY) in a research report report published on Tuesday morning. They currently have a GBX 1,000 ($13.05) target price on the stock.
A number of other research analysts have also recently commented on the company. Macquarie reaffirmed an outperform rating and set a GBX 1,400 ($18.27) price target on shares of Sky Plc in a research report on Thursday, August 25th. Deutsche Bank AG reissued a buy rating and set a GBX 1,425 ($18.60) price objective on shares of Sky Plc in a report on Tuesday, September 6th. Numis Securities Ltd raised Sky Plc to a buy rating and set a GBX 1,250 ($16.32) price objective on the stock in a report on Thursday, July 28th. Shore Capital reissued a buy rating on shares of Sky Plc in a report on Wednesday, July 13th. Finally, Berenberg Bank dropped their price objective on Sky Plc from GBX 784 ($10.23) to GBX 730 ($9.53) and set a sell rating on the stock in a report on Friday, July 1st. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. The company 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 Tuesday. The firm has a 50-day moving average price of GBX 858.78 and a 200-day moving average price of GBX 915.29. Sky Plc has a 52-week low of GBX 560.00 and a 52-week high of GBX 1,134.00. The company’s market cap is GBX 15.36 billion.
The company also recently announced a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 6th will be paid a GBX 20.95 ($0.27) dividend. This represents a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, October 6th. This is a boost from Sky Plc’s previous dividend of $12.55.
In other news, insider Dave Lewis bought 337 shares of the stock in a transaction dated Tuesday, September 27th. The stock was bought at an average price of GBX 842 ($10.99) per share, for a total transaction of £2,837.54 ($3,703.88). Also, insider Lewis,Dave bought 312 shares of the stock in a transaction dated Wednesday, July 27th. The stock was purchased at an average price of GBX 888 ($11.59) per share, with a total value of £2,770.56 ($3,616.45).
Sky Plc Company Profile
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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