Macquarie Trims Sky Plc (SKY) Target Price to GBX 290
Sky Plc (LON:SKY) had its price objective decreased by investment analysts at Macquarie from GBX 300 ($3.71) to GBX 290 ($3.59) in a report released on Friday. The brokerage currently has an “outperform” rating on the stock. Macquarie’s price objective indicates a potential downside of 66.99% from the stock’s previous close.
Other analysts have also issued reports about the stock. Societe Generale reaffirmed a “buy” rating and set a GBX 1,350 ($16.71) price target on shares of Sky Plc in a research report on Thursday, June 16th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 1,500 ($18.56) price target on shares of Sky Plc in a research report on Friday, June 10th. Shore Capital reaffirmed a “buy” rating on shares of Sky Plc in a research report on Friday, June 10th. Citigroup Inc. dropped their price target on shares of Sky Plc from GBX 1,400 ($17.33) to GBX 1,350 ($16.71) and set a “buy” rating on the stock in a research report on Monday, June 13th. Finally, Numis Securities Ltd raised shares of Sky Plc to a “buy” rating and set a GBX 1,250 ($15.47) price target on the stock in a research report on Thursday, July 28th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. Sky Plc has a consensus rating of “Hold” and an average target price of GBX 984.73 ($12.19).
Sky Plc (LON:SKY) traded down 1.59% during mid-day trading on Friday, reaching GBX 864.50. 5,447,985 shares of the company’s stock traded hands. The firm’s market cap is GBX 14.77 billion. Sky Plc has a 1-year low of GBX 560.00 and a 1-year high of GBX 1,134.00. The firm has a 50 day moving average of GBX 865.54 and a 200 day moving average of GBX 908.01.
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The firm also recently disclosed a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 6th will be issued a GBX 20.95 ($0.26) dividend. This represents a yield of 2.32%. The ex-dividend date of this dividend is Thursday, October 6th. This is a positive change from Sky Plc’s previous dividend of $12.55.
In other Sky Plc news, insider Dave Lewis acquired 337 shares of the company’s stock in a transaction that occurred on Tuesday, September 27th. The stock was acquired at an average price of GBX 842 ($10.42) per share, for a total transaction of £2,837.54 ($3,511.81). Also, insider Sukawaty,Andrew (Andy) acquired 114 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was acquired at an average price of GBX 870 ($10.77) per share, with a total value of £991.80 ($1,227.48).
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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