Several other brokerages have also recently issued reports on SKY. Royal Bank Of Canada reissued an outperform rating and set a GBX 1,100 ($13.61) target price on shares of Sky Plc in a report on Friday, July 29th. Shore Capital cut shares of Sky Plc to a hold rating and set a GBX 865 ($10.71) price objective for the company. in a report on Thursday. Citigroup Inc. reaffirmed a buy rating on shares of Sky Plc in a report on Wednesday, July 20th. Haitong Bank raised shares of Sky Plc to a neutral rating and set a GBX 875 ($10.83) price objective for the company in a report on Thursday, August 4th. Finally, Liberum Capital reaffirmed a sell rating and issued a GBX 530 ($6.56) price objective on shares of Sky Plc in a report on Thursday, July 14th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 969.52 ($12.00).
Sky Plc (LON:SKY) traded down 0.71% on Friday, hitting GBX 836.00. 4,707,648 shares of the company’s stock traded hands. Sky Plc has a one year low of GBX 560.00 and a one year high of GBX 1,134.00. The stock has a 50-day moving average of GBX 865.26 and a 200-day moving average of GBX 906.84. The stock’s market cap is GBX 14.28 billion.
The business also recently announced a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 6th will be issued a GBX 20.95 ($0.26) dividend. This is a boost from Sky Plc’s previous dividend of $12.55. The ex-dividend date is Thursday, October 6th. 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 stock was purchased at an average price of GBX 864 ($10.69) per share, for a total transaction of £533,891.52 ($660,756.83). Also, insider Dave Lewis purchased 337 shares of the firm’s stock in a transaction that occurred on Tuesday, September 27th. The shares were acquired at an average price of GBX 842 ($10.42) per share, with a total value of £2,837.54 ($3,511.81).
Sky Plc Company Profile
Sky plc is an entertainment and communications company. The Company is engaged in operation of pay television broadcasting and home communications services, including provision of broadband and telephone operations. It operates through three segments: UK and Ireland, which includes activities and operations of the pay television, home communications and adjacent businesses in the United Kingdom and Ireland; Germany and Austria, which includes activities and operations of the pay television and adjacent businesses in Germany and Austria, and Italy, which includes activities and operations of the pay television and adjacent businesses in Italy.
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