Numis Securities Ltd Upgrades Sky Plc (SKY) to Buy
Sky Plc (LON:SKY) was upgraded by stock analysts at Numis Securities Ltd to a “buy” rating in a research report issued on Thursday. The brokerage presently has a GBX 1,250 ($15.47) price objective on the stock. Numis Securities Ltd’s target price suggests a potential upside of 44.59% from the stock’s current price.
SKY has been the topic of a number of other reports. Berenberg Bank cut their target price on Sky Plc from GBX 784 ($9.70) to GBX 730 ($9.03) and set a “sell” rating on the stock in a research report on Friday, July 1st. Societe Generale reissued 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. Haitong Bank reissued a “sell” rating and set a GBX 875 ($10.83) price target on shares of Sky Plc in a research report on Thursday, July 7th. JPMorgan Chase & Co. upped their price target on Sky Plc from GBX 965 ($11.94) to GBX 985 ($12.19) and gave the company a “neutral” rating in a research report on Tuesday, July 26th. Finally, Beaufort Securities reissued a “buy” rating on shares of Sky Plc in a research report on Friday, July 29th. Four 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. The company currently has an average rating of “Hold” and an average target price of GBX 984.73 ($12.19).
Sky Plc (LON:SKY) opened at 865.00 on Thursday. The stock’s market capitalization is GBX 14.77 billion. The stock’s 50 day moving average is GBX 865.93 and its 200-day moving average is GBX 907.71. 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 firm 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 is Thursday, October 6th.
In other Sky Plc news, insider Sukawaty,Andrew (Andy) acquired 114 shares of Sky Plc stock in a transaction that occurred 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). Also, insider Lewis,Dave acquired 312 shares of Sky Plc stock in a transaction that occurred on Wednesday, July 27th. The stock was acquired at an average cost of GBX 888 ($10.99) per share, with a total value of £2,770.56 ($3,428.91).
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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