Sky Plc’s (SKY) Outperform Rating Reaffirmed at Macquarie
Sky Plc (LON:SKY)‘s stock had its ” outperform” rating reiterated by investment analysts at Macquarie in a research report issued to clients and investors on Wednesday. They presently have a GBX 1,400 ($17.33) price target on the stock. Macquarie’s target price suggests a potential upside of 59.36% from the stock’s previous close.
Several other equities analysts also recently weighed in on SKY. Kepler Capital Markets reaffirmed a “hold” rating and issued a GBX 1,100 ($13.61) price objective on shares of Sky Plc in a research note on Tuesday, July 26th. Beaufort Securities reaffirmed a “buy” rating on shares of Sky Plc in a research note on Friday, July 29th. Societe Generale dropped their price objective on Sky Plc from GBX 1,350 ($16.71) to GBX 1,320 ($16.34) and set a “buy” rating for the company in a research note on Friday, July 8th. BNP Paribas reaffirmed an “outperform” rating and issued a GBX 1,075 ($13.30) price objective on shares of Sky Plc in a research note on Monday, June 27th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Sky Plc in a research note on Thursday, July 28th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 1,035.18 ($12.81).
Shares of Sky Plc (LON:SKY) traded down 1.59% during trading on Wednesday, hitting GBX 864.50. The stock had a trading volume of 5,447,985 shares. The stock’s 50 day moving average is GBX 865.54 and its 200-day moving average is GBX 908.01. The company’s market cap is GBX 14.77 billion. Sky Plc has a 12-month low of GBX 560.00 and a 12-month high of GBX 1,134.00.
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The company also recently declared a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be issued a dividend of GBX 20.95 ($0.26) per share. This represents a yield of 2.32%. This is a boost from Sky Plc’s previous dividend of $12.55. The ex-dividend date of this dividend is Thursday, October 6th.
In related news, insider Sukawaty,Andrew (Andy) bought 114 shares of Sky Plc 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, for a total transaction of £991.80 ($1,227.48). Also, insider Dave Lewis bought 337 shares of Sky Plc stock in a transaction that occurred on Tuesday, September 27th. The stock was bought at an average price 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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