Sky Plc (LON:SKY) had its target price hoisted by equities research analysts at Societe Generale from GBX 895 ($11.08) to GBX 915 ($11.32) in a research note issued on Wednesday. The firm currently has a “hold” rating on the stock. Societe Generale’s price target would indicate a potential upside of 7.90% from the stock’s previous close.
Several other brokerages also recently weighed in on SKY. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,100 ($13.61) price target on shares of Sky Plc in a report on Friday, July 29th. Citigroup Inc. reaffirmed a “buy” rating on shares of Sky Plc in a research note on Wednesday, July 20th. Haitong Bank raised shares of Sky Plc to a “neutral” rating and set a GBX 875 ($10.83) price objective on the stock in a research note on Thursday, August 4th. Liberum Capital reaffirmed a “sell” rating and set a GBX 530 ($6.56) price objective on shares of Sky Plc in a research note on Thursday, July 14th. Finally, Macquarie reaffirmed an “outperform” rating and set a GBX 1,400 ($17.33) price objective on shares of Sky Plc in a research note on Thursday, August 25th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 978.65 ($12.11).
Shares of Sky Plc (LON:SKY) opened at 848.00 on Wednesday. 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 of GBX 865.72 and a 200 day moving average of GBX 907.29. The company’s market cap is GBX 14.48 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 6th will be given a dividend of GBX 20.95 ($0.26) per share. 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 Lewis,Dave bought 312 shares of the company’s stock in a transaction on Wednesday, July 27th. The stock was bought at an average cost of GBX 888 ($10.99) per share, with a total value of £2,770.56 ($3,428.91). Also, insider Sukawaty,Andrew (Andy) bought 114 shares of the company’s stock in a transaction on Friday, August 26th. The stock was purchased at an average cost of GBX 870 ($10.77) per share, with a total value 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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