Sky Plc (SKY) Price Target Raised to GBX 820
Sky Plc (LON:SKY) had its price objective lifted by equities research analysts at HSBC from GBX 800 ($9.90) to GBX 820 ($10.15) in a note issued to investors on Friday. The brokerage currently has a “hold” rating on the stock. HSBC’s price objective suggests a potential downside of 3.30% from the company’s current price.
Other equities research analysts also recently issued research reports about the company. Liberum Capital reiterated a “sell” rating on shares of Sky Plc in a research report on Thursday. Numis Securities Ltd upgraded Sky Plc to a “buy” rating and set a GBX 1,250 ($15.47) price objective on the stock in a research report on Thursday. Shore Capital downgraded Sky Plc to a “hold” rating and set a GBX 865 ($10.71) price objective on the stock. in a research report on Thursday. Barclays PLC reiterated an “overweight” rating and issued a GBX 1,000 ($12.38) price objective on shares of Sky Plc in a research report on Friday. Finally, Royal Bank Of Canada increased their price objective on Sky Plc from GBX 1,100 ($13.61) to GBX 1,125 ($13.92) and gave the stock an “outperform” rating in a research report on Friday. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 969.52 ($12.00).
Shares of Sky Plc (LON:SKY) opened at 850.50 on Friday. The company’s market cap is GBX 14.53 billion. The company’s 50-day moving average price is GBX 865.72 and its 200-day moving average price is GBX 907.29. 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 announced 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%. This is a positive change from Sky Plc’s previous dividend of $12.55. The ex-dividend date of this dividend is Thursday, October 6th.
In other Sky Plc news, insider Darroch,Jeremy bought 61,793 shares of the stock in a transaction dated Tuesday, August 30th. The stock was purchased at an average cost of GBX 864 ($10.69) per share, for a total transaction of £533,891.52 ($660,756.83). Also, insider Lewis,Dave bought 312 shares of the stock in a transaction dated Wednesday, July 27th. The shares were acquired at an average price of GBX 888 ($10.99) per share, with a total value 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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