A number of other brokerages have also recently commented on SKY. Citigroup Inc. lowered their target price on Sky Plc from GBX 1,400 ($17.33) to GBX 1,350 ($16.71) and set a buy rating for the company in a report on Monday, June 13th. Barclays PLC restated an overweight rating and set a GBX 1,100 ($13.61) target price on shares of Sky Plc in a report on Monday, June 13th. Societe Generale restated a buy rating and set a GBX 1,350 ($16.71) target price on shares of Sky Plc in a report on Thursday, June 16th. Jefferies Group lowered their target price on Sky Plc from GBX 915 ($11.32) to GBX 895 ($11.08) and set a hold rating for the company in a report on Tuesday, June 21st. Finally, JPMorgan Chase & Co. restated a neutral rating and set a GBX 965 ($11.94) target price on shares of Sky Plc in a report on Monday, June 27th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average 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 Monday. The company’s market capitalization is GBX 14.77 billion. Sky Plc has a 12-month low of GBX 560.00 and a 12-month high of GBX 1,134.00. The company has a 50 day moving average price of GBX 865.93 and a 200 day moving average price of GBX 907.71.
The firm also recently declared a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 6th will be paid a GBX 20.95 ($0.26) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This is an increase from Sky Plc’s previous dividend of $12.55. This represents a dividend yield of 2.32%.
In other Sky Plc news, insider Darroch,Jeremy purchased 61,793 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were purchased at an average cost of GBX 864 ($10.69) per share, for a total transaction of £533,891.52 ($660,756.83). Also, insider Sukawaty,Andrew (Andy) purchased 114 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The stock was acquired at an average price of GBX 870 ($10.77) per share, for a total transaction of £991.80 ($1,227.48).
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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