Sky Plc (SKY) PT Raised to GBX 915
Sky Plc (LON:SKY) had its price target raised by investment analysts at Societe Generale from GBX 895 ($11.08) to GBX 915 ($11.32) in a report released on Wednesday. The firm currently has a “hold” rating on the stock. Societe Generale’s target price would suggest a potential upside of 4.15% from the stock’s previous close.
Several other research analysts also recently issued reports on SKY. Kepler Capital Markets restated a “hold” rating and set a GBX 1,100 ($13.61) price objective on shares of Sky Plc in a report on Tuesday, July 26th. Beaufort Securities restated a “buy” rating on shares of Sky Plc in a report on Friday, July 29th. BNP Paribas restated an “outperform” rating and set a GBX 1,075 ($13.30) price objective on shares of Sky Plc in a report on Monday, June 27th. Shore Capital restated a “buy” rating on shares of Sky Plc in a report on Thursday, July 28th. 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 analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 1,035.18 ($12.81).
Sky Plc (LON:SKY) opened at 867.75 on Wednesday. The firm’s market cap is GBX 14.82 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 1-year low of GBX 560.00 and a 1-year high of GBX 1,134.00.
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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 is a positive change 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 other news, insider Darroch,Jeremy bought 61,793 shares of the stock in a transaction on Tuesday, August 30th. The stock was purchased at an average price of GBX 864 ($10.69) per share, with a total value of £533,891.52 ($660,756.83). Also, insider Sukawaty,Andrew (Andy) bought 114 shares of the stock in a transaction on Friday, August 26th. The stock was purchased at an average cost 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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