Sky Plc (SKY) Rating Reiterated by Liberum Capital
Sky Plc (LON:SKY)‘s stock had its “sell” rating reaffirmed by Liberum Capital in a note issued to investors on Thursday.
A number of other research analysts have also recently commented on SKY. Societe Generale reiterated a “buy” rating and issued a GBX 1,350 ($16.71) price target on shares of Sky Plc in a research note on Thursday, June 16th. Jefferies Group dropped their price target on Sky Plc from GBX 915 ($11.32) to GBX 895 ($11.08) and set a “hold” rating for the company in a research note on Tuesday, June 21st. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 965 ($11.94) price target on shares of Sky Plc in a research note on Monday, June 27th. BNP Paribas reiterated an “outperform” rating and issued a GBX 1,075 ($13.30) price target on shares of Sky Plc in a research note on Monday, June 27th. Finally, Berenberg Bank lowered their target price on Sky Plc from GBX 784 ($9.70) to GBX 730 ($9.03) and set a “sell” rating for the company in a research report on Friday, July 1st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 984.73 ($12.19).
Shares of Sky Plc (LON:SKY) opened at 865.00 on Thursday. Sky Plc has a 52 week low of GBX 560.00 and a 52 week high of GBX 1,134.00. The company’s 50 day moving average price is GBX 865.93 and its 200-day moving average price is GBX 907.71. The firm’s market capitalization is GBX 14.77 billion.
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The company also recently announced a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be given a dividend of GBX 20.95 ($0.26) per share. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 2.32%. This is a boost from Sky Plc’s previous dividend of $12.55.
In related news, insider Lewis,Dave purchased 312 shares of the stock in a transaction that occurred on Wednesday, July 27th. The shares were bought at an average price of GBX 888 ($10.99) per share, with a total value of £2,770.56 ($3,428.91). Also, insider Sukawaty,Andrew (Andy) purchased 114 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was bought at an average cost of GBX 870 ($10.77) per share, for a total transaction of £991.80 ($1,227.48).
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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