Sky Plc (LON:SKY) had its target price reduced by Macquarie from GBX 300 ($3.71) to GBX 290 ($3.59) in a research report report published on Friday morning. They currently have an outperform rating on the stock.
SKY has been the subject of a number of other research reports. Goldman Sachs Group Inc. reaffirmed a buy rating on shares of Sky Plc in a report on Tuesday, September 27th. Liberum Capital reaffirmed a sell rating and set a GBX 630 ($7.80) price target on shares of Sky Plc in a report on Thursday, September 22nd. Morgan Stanley reaffirmed an overweight rating and set a GBX 1,000 ($12.38) price target on shares of Sky Plc in a report on Tuesday, September 27th. Barclays PLC reaffirmed an overweight rating and set a GBX 950 ($11.76) price target on shares of Sky Plc in a report on Wednesday, August 31st. Finally, Deutsche Bank AG reaffirmed a buy rating and set a GBX 1,425 ($17.64) price target on shares of Sky Plc in a report on Tuesday, September 6th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. Sky Plc currently has a consensus rating of Hold and an average price target of GBX 984.73 ($12.19).
Shares of Sky Plc (LON:SKY) opened at 864.50 on Friday. Sky Plc has a 12-month low of GBX 560.00 and a 12-month high of GBX 1,134.00. The firm’s 50-day moving average is GBX 865.93 and its 200-day moving average is GBX 907.71. The firm’s market cap is GBX 14.77 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be paid a GBX 20.95 ($0.26) dividend. This represents a dividend yield of 2.32%. This is a positive change from Sky Plc’s previous dividend of $12.55. The ex-dividend date is Thursday, October 6th.
In other Sky Plc news, insider Sukawaty,Andrew (Andy) acquired 114 shares of the company’s stock in a transaction on Friday, August 26th. The shares were purchased at an average cost of GBX 870 ($10.77) per share, with a total value of £991.80 ($1,227.48). Also, insider Darroch,Jeremy acquired 61,793 shares of the company’s stock in a transaction on Tuesday, August 30th. The stock was acquired at an average cost of GBX 864 ($10.69) per share, for a total transaction of £533,891.52 ($660,756.83).
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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