Sky Plc (SKY) Given “Sell” Rating at Berenberg Bank
Other equities analysts have also issued reports about the stock. Citigroup Inc. reaffirmed a buy rating on shares of Sky Plc in a research report on Wednesday, July 20th. Shore Capital reaffirmed a buy rating on shares of Sky Plc in a research report on Wednesday, July 13th. Societe Generale lowered their price target on shares of Sky Plc from GBX 1,350 ($16.71) to GBX 1,320 ($16.34) and set a buy rating on the stock in a research report on Friday, July 8th. Deutsche Bank AG reissued a buy rating and issued a GBX 1,425 ($17.64) target price on shares of Sky Plc in a report on Thursday, July 21st. Finally, Numis Securities Ltd raised shares of Sky Plc to a buy rating and set a GBX 1,250 ($15.47) target price on the stock in a report on Thursday, July 28th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. Sky Plc currently has a consensus rating of Hold and an average price target of GBX 1,053.59 ($13.04).
Sky Plc (LON:SKY) opened at 885.00 on Monday. Sky Plc has a 12 month low of GBX 560.00 and a 12 month high of GBX 1,134.00. The stock’s 50 day moving average is GBX 865.18 and its 200-day moving average is GBX 908.98. The firm’s market capitalization is GBX 15.12 billion.
The company also recently declared a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 6th will be given a GBX 20.95 ($0.26) dividend. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 2.32%. This is an increase from Sky Plc’s previous dividend of $12.55.
In other news, insider Lewis,Dave purchased 312 shares of the company’s stock in a transaction dated Wednesday, July 27th. The shares were purchased at an average price of GBX 888 ($10.99) per share, for a total transaction of £2,770.56 ($3,428.91). Also, insider Sukawaty,Andrew (Andy) purchased 114 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was purchased at an average price of GBX 870 ($10.77) per share, for a total transaction of £991.80 ($1,227.48).
About Sky Plc
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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