Sky Plc (SKY) Upgraded by Numis Securities Ltd to “Buy”
Other equities research analysts have also issued research reports about the stock. Citigroup Inc. restated a buy rating on shares of Sky Plc in a report on Wednesday, July 20th. Shore Capital restated a buy rating on shares of Sky Plc in a report on Wednesday, July 13th. Societe Generale lowered their target price 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 report on Friday, July 8th. Deutsche Bank AG restated 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, Beaufort Securities restated a buy rating on shares of Sky Plc in a report on Friday, July 29th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 969.52 ($12.00).
Shares of Sky Plc (LON:SKY) remained flat at GBX 848.00 during midday trading on Thursday. The company had a trading volume of 2,434,774 shares. Sky Plc has a 52-week low of GBX 560.00 and a 52-week high of GBX 1,134.00. The stock has a 50 day moving average of GBX 865.72 and a 200-day moving average of GBX 907.29. The stock’s market cap is GBX 14.48 billion.
The business also recently disclosed a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 6th will be given a dividend of GBX 20.95 ($0.26) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a dividend yield of 2.32%. This is a boost from Sky Plc’s previous dividend of $12.55.
In related news, insider Sukawaty,Andrew (Andy) acquired 114 shares of the stock in a transaction dated Friday, August 26th. The shares were purchased at an average price of GBX 870 ($10.77) per share, for a total transaction of £991.80 ($1,227.48). Also, insider Darroch,Jeremy acquired 61,793 shares of the stock in a transaction dated Tuesday, August 30th. The shares were bought at an average price of GBX 864 ($10.69) per share, for a total transaction of £533,891.52 ($660,756.83).
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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