A number of other research firms have also commented on SKY. Shore Capital restated a buy rating on shares of Sky Plc in a research report on Friday, June 10th. Liberum Capital restated a sell rating and issued a GBX 530 ($6.92) price objective on shares of Sky Plc in a research report on Friday, June 10th. Deutsche Bank AG restated a buy rating and issued a GBX 1,500 ($19.58) price objective on shares of Sky Plc in a research report on Friday, June 10th. HSBC raised their target price on shares of Sky Plc from GBX 1,010 ($13.18) to GBX 1,030 ($13.44) and gave the company a hold rating in a research note on Friday, June 10th. Finally, Morgan Stanley reaffirmed an equal weight rating and issued a GBX 1,100 ($14.36) target price on shares of Sky Plc in a research note on Monday, June 6th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Sky Plc currently has a consensus rating of Hold and a consensus price target of GBX 1,052.68 ($13.74).
Sky Plc (LON:SKY) traded up 1.26% during midday trading on Monday, hitting GBX 925.50. 3,617,640 shares of the stock were exchanged. The stock’s market cap is GBX 15.81 billion. The company’s 50 day moving average is GBX 859.15 and its 200-day moving average is GBX 913.06. Sky Plc has a 1-year low of GBX 560.00 and a 1-year high of GBX 1,134.00.
The company also recently announced a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 6th will be paid a GBX 20.95 ($0.27) dividend. This represents a dividend yield of 2.32%. This is an increase from Sky Plc’s previous dividend of $12.55. The ex-dividend date is Thursday, October 6th.
In other news, insider Dave Lewis bought 337 shares of the firm’s stock in a transaction that occurred on Tuesday, September 27th. The shares were bought at an average cost of GBX 842 ($10.99) per share, with a total value of £2,837.54 ($3,703.88). Also, insider Lewis,Dave bought 312 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The stock was purchased at an average cost of GBX 888 ($11.59) per share, for a total transaction of £2,770.56 ($3,616.45).
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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