Sky Plc’s (SKY) “Sell” Rating Reiterated at Liberum Capital
Sky Plc (LON:SKY)‘s stock had its “sell” rating reaffirmed by analysts at Liberum Capital in a report released on Thursday.
Several other equities analysts have also commented on the company. Morgan Stanley raised Sky Plc to an “overweight” rating and lowered their price objective for the company from GBX 1,025 ($12.69) to GBX 1,000 ($12.38) in a research report on Monday, September 19th. Macquarie reaffirmed an “outperform” rating and issued a GBX 1,400 ($17.33) price target on shares of Sky Plc in a research report on Thursday, August 25th. Berenberg Bank reaffirmed a “sell” rating and issued a GBX 730 ($9.03) price target on shares of Sky Plc in a research report on Monday, October 3rd. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 1,425 ($17.64) price target on shares of Sky Plc in a research report on Tuesday, September 6th. Finally, Numis Securities Ltd raised Sky Plc to a “buy” rating and set a GBX 1,250 ($15.47) price target for the company in a research report on Thursday, July 28th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 979.52 ($12.12).
Shares of Sky Plc (LON:SKY) opened at 850.90 on Thursday. The firm’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. The stock’s market capitalization is GBX 14.53 billion.
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The firm also recently declared 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. The ex-dividend date is Thursday, October 6th. This is a boost from Sky Plc’s previous dividend of $12.55. This represents a yield of 2.32%.
In other news, insider Lewis,Dave acquired 312 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The shares were acquired at an average cost of GBX 888 ($10.99) per share, with a total value of £2,770.56 ($3,428.91). Also, insider Dave Lewis acquired 337 shares of the firm’s stock in a transaction dated Tuesday, September 27th. The shares were purchased at an average cost of GBX 842 ($10.42) per share, for a total transaction of £2,837.54 ($3,511.81).
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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