Sky Plc (LON:SKY) had its price target cut by investment analysts at Macquarie from GBX 300 ($3.71) to GBX 290 ($3.59) in a report released on Friday. The firm currently has an “outperform” rating on the stock. Macquarie’s price target would indicate a potential downside of 66.99% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Societe Generale increased their price target on Sky Plc from GBX 895 ($11.08) to GBX 915 ($11.32) and gave the stock a “hold” rating in a report on Wednesday. Barclays PLC reduced their price objective on Sky Plc from GBX 1,100 ($13.61) to GBX 950 ($11.76) and set an “overweight” rating on the stock in a report on Monday, July 4th. Jefferies Group reduced their price objective on Sky Plc from GBX 915 ($11.32) to GBX 895 ($11.08) and set a “hold” rating on the stock in a report on Tuesday, June 21st. Shore Capital restated a “buy” rating on shares of Sky Plc in a report on Friday, June 10th. Finally, Haitong Bank restated a “sell” rating and set a GBX 875 ($10.83) price objective on shares of Sky Plc in a report on Tuesday, July 26th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. Sky Plc has an average rating of “Hold” and an average target price of GBX 984.73 ($12.19).

Analyst Recommendations for Sky Plc (LON:SKY)

Shares of Sky Plc (LON:SKY) traded down 1.59% during midday trading on Friday, hitting GBX 864.50. The stock had a trading volume of 5,447,985 shares. The company’s market cap is GBX 14.77 billion. The company’s 50 day moving average is GBX 865.54 and its 200 day moving average is GBX 908.01. 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 disclosed a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be paid a dividend of GBX 20.95 ($0.26) per share. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 2.32%. This is a positive change from Sky Plc’s previous dividend of $12.55.

In other Sky Plc news, insider Sukawaty,Andrew (Andy) purchased 114 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The stock was purchased at an average price of GBX 870 ($10.77) per share, for a total transaction of £991.80 ($1,227.48). Also, insider Darroch,Jeremy purchased 61,793 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was acquired at an average price of GBX 864 ($10.69) per share, with a total value of £533,891.52 ($660,756.83).

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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