Sky Plc (SKY) Price Target Raised to GBX 915 at Societe Generale
Sky Plc (LON:SKY) had its price target increased by Societe Generale from GBX 895 ($11.08) to GBX 915 ($11.32) in a note issued to investors on Wednesday. The firm presently has a “hold” rating on the stock. Societe Generale’s price target indicates a potential upside of 4.15% from the stock’s previous close.
A number of other brokerages have also commented on SKY. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,100 ($13.61) target price on shares of Sky Plc in a research report on Friday, July 29th. Citigroup Inc. reiterated a “buy” rating on shares of Sky Plc in a research report on Wednesday, July 20th. Haitong Bank upgraded Sky Plc to a “neutral” rating and set a GBX 875 ($10.83) target price on the stock in a research report on Thursday, August 4th. Liberum Capital reiterated a “sell” rating and issued a GBX 530 ($6.56) target price on shares of Sky Plc in a research report on Thursday, July 14th. Finally, Macquarie reiterated an “outperform” rating and issued a GBX 1,400 ($17.33) target price on shares of Sky Plc in a research report on Thursday, August 25th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. Sky Plc currently has a consensus rating of “Hold” and a consensus target price of GBX 1,035.18 ($12.81).
Sky Plc (LON:SKY) opened at 867.50 on Wednesday. The firm has a 50-day moving average of GBX 865.54 and a 200 day moving average of GBX 908.01. Sky Plc has a one year low of GBX 560.00 and a one year high of GBX 1,134.00. The company’s market capitalization is GBX 14.82 billion.
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The company also recently disclosed a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 6th will be paid a GBX 20.95 ($0.26) dividend. This is an increase from Sky Plc’s previous dividend of $12.55. This represents a yield of 2.32%. The ex-dividend date of this dividend is Thursday, October 6th.
In related news, insider Sukawaty,Andrew (Andy) bought 114 shares of the business’s stock in a transaction on Friday, August 26th. The stock was acquired at an average cost of GBX 870 ($10.77) per share, with a total value of £991.80 ($1,227.48). Also, insider Dave Lewis bought 337 shares of the business’s stock in a transaction on Tuesday, September 27th. The stock was bought at an average cost of GBX 842 ($10.42) per share, with a total value of £2,837.54 ($3,511.81).
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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