Sky Plc (SKY) Downgraded to Hold at Shore Capital
Sky Plc (LON:SKY) was downgraded by equities researchers at Shore Capital to a “hold” rating in a report released on Thursday. They currently have a GBX 865 ($10.71) target price on the stock. Shore Capital’s price target points to a potential upside of 0.06% from the stock’s previous close.
SKY has been the subject of a number of other research reports. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Sky Plc in a research note on Tuesday, September 27th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 630 ($7.80) price objective on shares of Sky Plc in a research note on Thursday, September 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a GBX 1,000 ($12.38) price objective on shares of Sky Plc in a research note on Tuesday, September 27th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 950 ($11.76) price objective on shares of Sky Plc in a research note on Wednesday, August 31st. Finally, Macquarie reaffirmed an “outperform” rating and issued a GBX 1,400 ($17.33) price objective on shares of Sky Plc in a research note on Thursday, August 25th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 979.52 ($12.12).
Sky Plc (LON:SKY) opened at 863.00 on Thursday. The company’s market cap is GBX 14.74 billion. Sky Plc has a 1-year low of GBX 560.00 and a 1-year high of GBX 1,134.00. The stock’s 50 day moving average is GBX 865.93 and its 200 day moving average is GBX 907.71.
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The business also recently declared a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 6th will be issued a dividend of GBX 20.95 ($0.26) per share. This represents a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, October 6th. This is an increase from Sky Plc’s previous dividend of $12.55.
In other Sky Plc news, insider Sukawaty,Andrew (Andy) acquired 114 shares of the stock in a transaction dated Friday, August 26th. The shares were 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 acquired 61,793 shares of the stock in a transaction dated Tuesday, August 30th. The stock was acquired at an average price of GBX 864 ($10.69) per share, for a total transaction of £533,891.52 ($660,756.83).
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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