Sky Plc (LON:SKY) had its target price trimmed by Deutsche Bank AG from GBX 1,425 ($17.64) to GBX 1,380 ($17.08) in a research note published on Friday. The brokerage currently has a buy rating on the stock.
Other equities analysts have also issued reports about the stock. Royal Bank Of Canada lifted their price objective on shares of Sky Plc from GBX 1,100 ($13.61) to GBX 1,125 ($13.92) and gave the company an outperform rating in a research report on Friday. Jefferies Group decreased their target price on shares of Sky Plc from GBX 915 ($11.32) to GBX 895 ($11.08) and set a hold rating on the stock in a research report on Tuesday, June 21st. Barclays PLC decreased their target price on shares of Sky Plc from GBX 1,100 ($13.61) to GBX 950 ($11.76) and set an overweight rating on the stock in a research report on Monday, July 4th. Haitong Bank restated a sell rating and set a GBX 875 ($10.83) target price on shares of Sky Plc in a research report on Tuesday, July 26th. Finally, Morgan Stanley upgraded shares of Sky Plc to an overweight rating and decreased their target price for the stock from GBX 1,025 ($12.69) to GBX 1,000 ($12.38) in a research report on Monday, September 19th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of GBX 969.52 ($12.00).
Shares of Sky Plc (LON:SKY) traded down 0.77% during midday trading on Friday, hitting GBX 835.50. 4,537,600 shares of the company were exchanged. The company has a 50-day moving average price of GBX 865.26 and a 200-day moving average price of GBX 906.84. The stock’s market capitalization is GBX 14.27 billion. Sky Plc has a 52-week low of GBX 560.00 and a 52-week high of GBX 1,134.00.
The company also recently announced 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 ($0.26) per share. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 2.32%. This is a boost from Sky Plc’s previous dividend of $12.55.
In other news, insider Sukawaty,Andrew (Andy) bought 114 shares of the firm’s stock in a transaction dated 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). Also, insider Lewis,Dave purchased 312 shares of the firm’s stock in a transaction on Wednesday, July 27th. The stock was bought at an average price of GBX 888 ($10.99) per share, with a total value of £2,770.56 ($3,428.91).
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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