Sky Plc (SKY) Price Target Increased to GBX 1,125 by Analysts at Royal Bank Of Canada
Sky Plc (LON:SKY) had its target price boosted by equities research analysts at Royal Bank Of Canada from GBX 1,100 ($13.61) to GBX 1,125 ($13.92) in a report issued on Friday. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 32.67% from the company’s previous close.
A number of other research analysts have also weighed in on the stock. Morgan Stanley raised shares of Sky Plc to an “overweight” rating and dropped their price target for the company from GBX 1,025 ($12.69) to GBX 1,000 ($12.38) in a research report on Monday, September 19th. Shore Capital lowered shares of Sky Plc to a “hold” rating and set a GBX 865 ($10.71) price objective on the stock. in a research report on Thursday. Macquarie reaffirmed an “outperform” rating and issued a GBX 1,400 ($17.33) price objective 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 objective on shares of Sky Plc in a research report on Monday, October 3rd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 1,425 ($17.64) price objective on shares of Sky Plc in a research report on Tuesday, September 6th. Four investment 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’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 978.65 ($12.11).
Shares of Sky Plc (LON:SKY) opened at 848.00 on Friday. The firm’s market cap is GBX 14.48 billion. 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 is GBX 865.72 and its 200 day moving average is GBX 907.29.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/14/sky-plc-sky-price-target-increased-to-gbx-1125-by-analysts-at-royal-bank-of-canada.html
The company also recently declared a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 6th will be issued a dividend of GBX 20.95 ($0.26) per share. This is a positive change from Sky Plc’s previous dividend of $12.55. This represents a yield of 2.32%. The ex-dividend date is Thursday, October 6th.
In other news, 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). Also, insider Lewis,Dave purchased 312 shares of the stock in a transaction that occurred on Wednesday, July 27th. The shares were purchased at an average price of GBX 888 ($10.99) per share, with a total value of £2,770.56 ($3,428.91).
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.
Receive News & Ratings for Sky Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sky Plc and related companies with MarketBeat.com's FREE daily email newsletter.