Sky Plc’s (SKY) Sell Rating Reiterated at Berenberg Bank
Sky Plc (LON:SKY)‘s stock had its “sell” rating reiterated by analysts at Berenberg Bank in a research note issued to investors on Monday. They presently have a GBX 730 ($9.53) price objective on the stock. Berenberg Bank’s target price points to a potential downside of 17.65% from the company’s current price.
A number of other brokerages have also commented on SKY. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,100 ($14.36) price target on shares of Sky Plc in a research note on Friday, July 29th. Citigroup Inc. dropped their price objective on shares of Sky Plc from GBX 1,400 ($18.27) to GBX 1,350 ($17.62) and set a “buy” rating on the stock in a report on Monday, June 13th. Haitong Bank raised shares of Sky Plc to a “neutral” rating and set a GBX 875 ($11.42) price objective on the stock in a report on Thursday, August 4th. Liberum Capital reissued a “sell” rating and issued a GBX 530 ($6.92) price objective on shares of Sky Plc in a report on Thursday, July 14th. Finally, Macquarie reissued an “outperform” rating and issued a GBX 1,400 ($18.27) price objective on shares of Sky Plc in a report on Thursday, August 25th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. Sky Plc has a consensus rating of “Hold” and a consensus price target of GBX 1,053.59 ($13.75).
Shares of Sky Plc (LON:SKY) opened at 888.50 on Monday. Sky Plc has a 12-month low of GBX 560.00 and a 12-month high of GBX 1,134.00. The company’s 50-day moving average is GBX 863.85 and its 200-day moving average is GBX 911.47. The company’s market cap is GBX 15.18 billion.
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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 ($0.27) per share. This is a boost 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 other news, insider Darroch,Jeremy acquired 61,793 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were acquired at an average price of GBX 864 ($11.28) per share, for a total transaction of £533,891.52 ($696,895.34). Also, insider Sukawaty,Andrew (Andy) acquired 114 shares of the business’s stock in a transaction on Friday, August 26th. The shares were purchased at an average price of GBX 870 ($11.36) per share, for a total transaction of £991.80 ($1,294.61).
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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