Sky Plc (SKY) Earns “Sell” Rating from Berenberg Bank
Several other research analysts have also commented on SKY. Morgan Stanley restated an equal weight rating and set a GBX 1,100 ($14.36) price target on shares of Sky Plc in a research report on Monday, June 6th. Haitong Bank restated a sell rating and set a GBX 875 ($11.42) price target on shares of Sky Plc in a research report on Tuesday, June 7th. Deutsche Bank AG restated a buy rating and set a GBX 1,500 ($19.58) price target on shares of Sky Plc in a research report on Friday, June 10th. Liberum Capital restated a sell rating and set a GBX 530 ($6.92) price target on shares of Sky Plc in a research report on Friday, June 10th. Finally, Shore Capital restated a buy rating on shares of Sky Plc in a research report on Friday, June 10th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 1,052.68 ($13.74).
Shares of Sky Plc (LON:SKY) opened at 901.70 on Monday. The stock’s market cap is GBX 15.40 billion. Sky Plc has a 1-year low of GBX 560.00 and a 1-year high of GBX 1,134.00. The firm’s 50-day moving average price is GBX 861.74 and its 200 day moving average price is GBX 912.03.
The firm also recently declared a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be paid a GBX 20.95 ($0.27) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This is a boost from Sky Plc’s previous dividend of $12.55. This represents a yield of 2.32%.
In other Sky Plc news, insider Darroch,Jeremy purchased 61,793 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were bought at an average cost of GBX 864 ($11.28) per share, for a total transaction of £533,891.52 ($696,895.34). Also, insider Sukawaty,Andrew (Andy) purchased 114 shares of the business’s stock in a transaction on Friday, August 26th. The stock was acquired at an average price of GBX 870 ($11.36) per share, for a total transaction of £991.80 ($1,294.61).
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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