Sky Plc (SKY) PT Raised to GBX 915 at Jefferies Group
Sky Plc (LON:SKY) had its price objective lifted by analysts at Jefferies Group from GBX 895 ($11.68) to GBX 915 ($11.94) in a report released on Monday. The brokerage presently has a “hold” rating on the stock. Jefferies Group’s target price points to a potential upside of 3.21% from the stock’s current price.
Several other analysts also recently commented on SKY. 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. Beaufort Securities reaffirmed a “buy” rating on shares of Sky Plc in a report on Friday, July 29th. BNP Paribas reaffirmed an “outperform” rating and set a GBX 1,075 ($14.03) price target on shares of Sky Plc in a report on Monday, June 27th. Societe Generale dropped their price target on shares of Sky Plc from GBX 1,350 ($17.62) to GBX 1,320 ($17.23) and set a “buy” rating on the stock in a report on Friday, July 8th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Sky Plc in a report on Thursday, July 28th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given 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 ($13.75).
Shares of Sky Plc (LON:SKY) opened at 888.50 on Monday. The company’s market cap is GBX 15.18 billion. The company’s 50-day moving average is GBX 863.85 and its 200-day moving average is GBX 911.47. Sky Plc has a 12-month low of GBX 560.00 and a 12-month high of GBX 1,134.00.
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The firm also recently announced a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 6th will be issued a GBX 20.95 ($0.27) dividend. The ex-dividend date is Thursday, October 6th. This is a positive change from Sky Plc’s previous dividend of $12.55. This represents a dividend yield of 2.32%.
In other Sky Plc news, insider Lewis,Dave bought 312 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The stock was purchased at an average cost of GBX 888 ($11.59) per share, with a total value of £2,770.56 ($3,616.45). Also, insider Darroch,Jeremy bought 61,793 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was acquired at an average cost of GBX 864 ($11.28) per share, with a total value of £533,891.52 ($696,895.34).
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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