Sky Plc (SKY) Stock Rating Reaffirmed by Liberum Capital
Sky Plc (LON:SKY)‘s stock had its “sell” rating reiterated by investment analysts at Liberum Capital in a research note issued on Thursday. They presently have a GBX 630 ($8.22) price target on the stock. Liberum Capital’s price objective indicates a potential downside of 26.44% from the company’s current price.
A number of other analysts also recently issued reports on SKY. BNP Paribas raised their price objective on Sky Plc from GBX 1,050 ($13.71) to GBX 1,100 ($14.36) and gave the stock a “neutral” rating in a research report on Wednesday, June 1st. Kepler Capital Markets reissued a “hold” rating and set a GBX 1,100 ($14.36) price objective on shares of Sky Plc in a research report on Tuesday, July 26th. Shore Capital reissued a “buy” rating on shares of Sky Plc in a research report on Thursday, July 28th. Beaufort Securities reissued a “buy” rating on shares of Sky Plc in a research report on Friday, July 29th. Finally, Morgan Stanley reissued an “equal weight” rating and set a GBX 1,100 ($14.36) price objective on shares of Sky Plc in a research report on Monday, June 6th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. Sky Plc presently has an average rating of “Hold” and a consensus price target of GBX 1,050.41 ($13.71).
Shares of Sky Plc (LON:SKY) opened at 864.00 on Thursday. Sky Plc has a 1-year low of GBX 560.00 and a 1-year high of GBX 1,134.00. The stock’s market capitalization is GBX 14.76 billion. The company has a 50-day moving average of GBX 864.60 and a 200-day moving average of GBX 921.07.
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The company also recently declared 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 ($0.27) 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 related news, insider Lewis,Dave bought 336 shares of the company’s stock in a transaction dated Monday, June 27th. The shares were acquired at an average price of GBX 824 ($10.76) per share, with a total value of £2,768.64 ($3,613.94). Also, insider Darroch,Jeremy bought 61,793 shares of the company’s stock in a transaction dated Tuesday, August 30th. The stock was bought at an average cost of GBX 864 ($11.28) per share, for a total transaction of £533,891.52 ($696,895.34).
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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