Sky Plc (SKY) Stock Rating Lowered by Shore Capital
Sky Plc (LON:SKY) was downgraded by stock analysts at Shore Capital to a “hold” rating in a research note issued to investors on Thursday. They currently have a GBX 865 ($10.71) price target on the stock. Shore Capital’s price target suggests a potential upside of 0.06% from the stock’s previous close.
Several other research firms have also commented on SKY. Kepler Capital Markets reiterated a “hold” rating and set a GBX 1,100 ($13.61) price objective on shares of Sky Plc in a research note on Tuesday, July 26th. Liberum Capital reiterated a “sell” rating on shares of Sky Plc in a research note on Thursday. Numis Securities Ltd upgraded Sky Plc to a “buy” rating and set a GBX 1,250 ($15.47) price objective for the company in a research note on Thursday. Beaufort Securities reiterated a “buy” rating on shares of Sky Plc in a research note on Friday, July 29th. Finally, Societe Generale cut 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. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company’s stock. Sky Plc currently has an average rating of “Hold” and an average price target of GBX 979.52 ($12.12).
Shares of Sky Plc (LON:SKY) opened at 857.50 on Thursday. Sky Plc has a one year low of GBX 560.00 and a one year high of GBX 1,134.00. The stock’s market capitalization is GBX 14.65 billion. The stock has a 50 day moving average price of GBX 865.93 and a 200 day moving average price of GBX 907.71.
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The firm also recently announced 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 represents a yield of 2.32%. The ex-dividend date of this dividend is Thursday, October 6th. This is a positive change from Sky Plc’s previous dividend of $12.55.
In other Sky Plc news, insider Dave Lewis bought 337 shares of the company’s stock in a transaction that occurred on Tuesday, September 27th. The shares were purchased at an average price of GBX 842 ($10.42) per share, with a total value of £2,837.54 ($3,511.81). Also, insider Lewis,Dave bought 312 shares of the company’s 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, for a total transaction of £2,770.56 ($3,428.91).
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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