Barclays PLC Increases Sky Plc (SKY) Price Target to GBX 1,000
Sky Plc (LON:SKY) had its price target raised by research analysts at Barclays PLC from GBX 950 ($12.40) to GBX 1,000 ($13.05) in a research report issued to clients and investors on Monday. The firm presently has an “overweight” rating on the stock. Barclays PLC’s price objective would indicate a potential upside of 8.52% from the company’s previous close.
SKY has been the topic of several other research reports. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Sky Plc in a research report on Tuesday, September 27th. Liberum Capital reaffirmed a “sell” rating and set a GBX 630 ($8.22) target price on shares of Sky Plc in a research report on Thursday, September 22nd. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 1,000 ($13.05) target price on shares of Sky Plc in a research report on Tuesday, September 27th. Macquarie reaffirmed an “outperform” rating and set a GBX 1,400 ($18.27) target price on shares of Sky Plc in a research report on Thursday, August 25th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 1,425 ($18.60) target price on shares of Sky Plc in a research report on Tuesday, September 6th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Sky Plc presently has a consensus rating of “Hold” and an average target price of GBX 1,052.68 ($13.74).
Sky Plc (LON:SKY) opened at 914.00 on Monday. Sky Plc has a 52 week low of GBX 560.00 and a 52 week high of GBX 1,134.00. The stock’s market cap is GBX 15.61 billion. The firm’s 50-day moving average price is GBX 860.62 and its 200-day moving average price is GBX 912.73.
The company also recently disclosed a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 6th will be issued a GBX 20.95 ($0.27) dividend. This represents a yield of 2.32%. This is a boost from Sky Plc’s previous dividend of $12.55. The ex-dividend date of this dividend is Thursday, October 6th.
In other news, insider Lewis,Dave acquired 312 shares of the stock in a transaction that occurred on Wednesday, July 27th. The shares were bought at an average cost of GBX 888 ($11.59) per share, for a total transaction of £2,770.56 ($3,616.45). Also, insider Darroch,Jeremy acquired 61,793 shares of the stock in a transaction that occurred on Tuesday, August 30th. The stock was purchased at an average price of GBX 864 ($11.28) per share, for a total transaction of £533,891.52 ($696,895.34).
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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