Sky Plc (SKY) Earns Buy Rating from Beaufort Securities
Sky Plc (LON:SKY)‘s stock had its “buy” rating reiterated by Beaufort Securities in a research note issued to investors on Friday.
SKY has been the subject of a number of other research reports. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Sky Plc in a report on Tuesday, September 27th. Liberum Capital reiterated a “sell” rating and set a GBX 630 ($7.80) price target on shares of Sky Plc in a report on Thursday, September 22nd. Morgan Stanley reiterated an “overweight” rating and set a GBX 1,000 ($12.38) price target on shares of Sky Plc in a report on Tuesday, September 27th. Barclays PLC reiterated an “overweight” rating and set a GBX 950 ($11.76) price target on shares of Sky Plc in a report on Wednesday, August 31st. Finally, Macquarie reiterated an “outperform” rating and set a GBX 1,400 ($17.33) price target on shares of Sky Plc in a report on Thursday, August 25th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 978.65 ($12.11).
Shares of Sky Plc (LON:SKY) opened at 848.50 on Friday. The company’s 50-day moving average price is GBX 865.72 and its 200-day moving average price is GBX 907.29. Sky Plc has a 52-week low of GBX 560.00 and a 52-week high of GBX 1,134.00. The company’s market capitalization is GBX 14.49 billion.
The company also recently disclosed a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be given a dividend of GBX 20.95 ($0.26) per share. This is an increase from Sky Plc’s previous dividend of $12.55. This represents a yield of 2.32%. The ex-dividend date is Thursday, October 6th.
In other news, insider Sukawaty,Andrew (Andy) acquired 114 shares of the stock in a transaction on Friday, August 26th. The stock was acquired at an average cost of GBX 870 ($10.77) per share, for a total transaction of £991.80 ($1,227.48). Also, insider Dave Lewis acquired 337 shares of the stock in a transaction on Tuesday, September 27th. The shares were purchased at an average price of GBX 842 ($10.42) per share, with a total value of £2,837.54 ($3,511.81).
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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