Sky Plc (LON:SKY) Receives GBX 1,039 Consensus PT from Brokerages
Shares of Sky Plc (LON:SKY) have earned a consensus recommendation of “Hold” from the twenty-four ratings firms that are covering the stock. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 1,039 ($13.56).
A number of research firms have recently weighed in on SKY. Berenberg Bank reduced their target price on shares of Sky Plc from GBX 784 ($10.23) to GBX 730 ($9.53) and set a “sell” rating on the stock in a report on Friday, July 1st. Societe Generale restated a “buy” rating and issued a GBX 1,350 ($17.62) target price on shares of Sky Plc in a report on Thursday, June 16th. Numis Securities Ltd upgraded shares of Sky Plc to a “buy” rating and set a GBX 1,250 ($16.32) target price on the stock in a report on Thursday, July 28th. Haitong Bank restated a “sell” rating and issued a GBX 875 ($11.42) target price on shares of Sky Plc in a report on Thursday, July 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Sky Plc from GBX 965 ($12.60) to GBX 985 ($12.86) and gave the stock a “neutral” rating in a report on Tuesday, July 26th.
Shares of Sky Plc (LON:SKY) opened at 886.50 on Wednesday. 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 15.14 billion. The firm’s 50 day moving average price is GBX 863.72 and its 200 day moving average price is GBX 911.77.
The business also recently declared a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be paid a dividend of GBX 20.95 ($0.27) per share. This is a positive change from Sky Plc’s previous dividend of $12.55. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 2.32%.
In other Sky Plc news, insider Dave Lewis acquired 337 shares of the business’s stock in a transaction dated Tuesday, September 27th. The shares were purchased at an average price of GBX 842 ($10.99) per share, for a total transaction of £2,837.54 ($3,703.88). Also, insider Lewis,Dave acquired 312 shares of the business’s stock in a transaction dated Wednesday, July 27th. The stock was acquired at an average price of GBX 888 ($11.59) per share, for a total transaction of £2,770.56 ($3,616.45).
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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