Sky Plc (LON:SKY) has received an average rating of “Hold” from the twenty-four research firms that are covering the company. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 1,039 ($13.56).
Several equities analysts have recently issued reports on SKY shares. Berenberg Bank dropped their price target on shares of Sky Plc from GBX 784 ($10.23) to GBX 730 ($9.53) and set a “sell” rating for the company in a research note on Friday, July 1st. Societe Generale reaffirmed a “buy” rating and set a GBX 1,350 ($17.62) price target on shares of Sky Plc in a research note on Thursday, June 16th. Numis Securities Ltd raised shares of Sky Plc to a “buy” rating and set a GBX 1,250 ($16.32) price target for the company in a research note on Thursday, July 28th. Haitong Bank reaffirmed a “sell” rating and set a GBX 875 ($11.42) price target on shares of Sky Plc in a research note on Thursday, July 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of Sky Plc from GBX 965 ($12.60) to GBX 985 ($12.86) and gave the company a “neutral” rating in a research note on Tuesday, July 26th.
In other Sky Plc news, insider Sukawaty,Andrew (Andy) acquired 114 shares of Sky Plc stock in a transaction dated Friday, August 26th. The stock was purchased at an average cost of GBX 870 ($11.36) per share, for a total transaction of £991.80 ($1,294.61). Also, insider Lewis,Dave acquired 312 shares of Sky Plc stock in a transaction dated Wednesday, July 27th. The shares were acquired at an average price of GBX 888 ($11.59) per share, with a total value of £2,770.56 ($3,616.45).
Sky Plc (LON:SKY) opened at 889.50 on Wednesday. The firm’s market capitalization is GBX 15.19 billion. The company has a 50-day moving average of GBX 863.85 and a 200-day moving average of GBX 911.47. Sky Plc has a 52 week low of GBX 560.00 and a 52 week high of GBX 1,134.00.
The firm also recently disclosed a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 6th will be issued a dividend of GBX 20.95 ($0.27) per share. This is a boost from Sky Plc’s previous dividend of $12.55. This represents a dividend yield of 2.32%. The ex-dividend date is Thursday, October 6th.
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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