Sky Plc (LON:SKY) had its target price lifted by analysts at Royal Bank Of Canada from GBX 1,100 ($13.41) to GBX 1,125 ($13.71) in a research note issued to investors on Friday. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 34.33% from the stock’s current price.
Several other research analysts have also recently commented on the company. Shore Capital cut Sky Plc to a “hold” rating and set a GBX 865 ($10.54) target price for the company. in a research report on Thursday, October 13th. Liberum Capital reaffirmed a “sell” rating on shares of Sky Plc in a research report on Thursday, October 13th. Numis Securities Ltd raised Sky Plc to a “buy” rating and set a GBX 1,250 ($15.23) target price for the company in a research report on Thursday, October 13th. Macquarie reduced their target price on Sky Plc from GBX 300 ($3.66) to GBX 290 ($3.53) and set an “outperform” rating for the company in a research report on Friday, October 7th. Finally, Societe Generale raised their target price on Sky Plc from GBX 895 ($10.91) to GBX 915 ($11.15) and gave the stock a “hold” rating in a research report on Wednesday, October 12th. Four investment 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. The stock has a consensus rating of “Hold” and a consensus price target of GBX 969.52 ($11.82).
Shares of Sky Plc (LON:SKY) opened at 837.50 on Friday. The firm’s market cap is GBX 14.31 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 of GBX 864.18 and a 200 day moving average of GBX 903.86.
The firm also recently disclosed 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. This represents a dividend yield of 2.32%. The ex-dividend date is Thursday, October 6th. This is a boost from Sky Plc’s previous dividend of $12.55.
In other Sky Plc news, insider Sukawaty,Andrew (Andy) acquired 114 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were acquired at an average price of GBX 870 ($10.60) per share, for a total transaction of £991.80 ($1,208.78). Also, insider Lewis,Dave acquired 312 shares of the business’s stock in a transaction dated Wednesday, July 27th. The shares were acquired at an average price of GBX 888 ($10.82) per share, for a total transaction of £2,770.56 ($3,376.67).
About Sky Plc
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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