Jefferies Group Boosts Sky Plc (SKY) Price Target to GBX 915
Sky Plc (LON:SKY) had its target price raised by investment analysts at Jefferies Group from GBX 895 ($11.08) to GBX 915 ($11.32) in a research report issued on Monday. The firm presently has a “hold” rating on the stock. Jefferies Group’s price target suggests a potential upside of 2.92% from the stock’s current price.
A number of other analysts have also recently weighed in on the company. Kepler Capital Markets reiterated a “hold” rating and issued a GBX 1,100 ($13.61) price target on shares of Sky Plc in a research report on Tuesday, July 26th. Beaufort Securities reiterated a “buy” rating on shares of Sky Plc in a research report on Friday, July 29th. BNP Paribas reiterated an “outperform” rating and issued a GBX 1,075 ($13.30) price target on shares of Sky Plc in a research report on Monday, June 27th. Societe Generale lowered their price target on 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. Finally, Shore Capital reiterated a “buy” rating on shares of Sky Plc in a research report on Thursday, July 28th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 1,053.59 ($13.04).
Shares of Sky Plc (LON:SKY) traded up 0.28% during midday trading on Monday, reaching GBX 889.00. 4,142,200 shares of the company’s stock traded hands. The firm’s market capitalization is GBX 15.18 billion. The stock’s 50 day moving average price is GBX 865.18 and its 200 day moving average price is GBX 908.98. Sky Plc has a 52-week low of GBX 560.00 and a 52-week high of GBX 1,134.00.
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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 GBX 20.95 ($0.26) dividend. This represents a yield of 2.32%. This is an increase from Sky Plc’s previous dividend of $12.55. The ex-dividend date of this dividend is Thursday, October 6th.
In related news, insider Sukawaty,Andrew (Andy) purchased 114 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was purchased 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 purchased 337 shares of the firm’s stock in a transaction on Tuesday, September 27th. The stock was bought at an average price of GBX 842 ($10.42) per share, with a total value of £2,837.54 ($3,511.81).
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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