Sky Plc (SKY) PT Lowered to GBX 1,380
Sky Plc (LON:SKY) had its target price cut by Deutsche Bank AG from GBX 1,425 ($17.64) to GBX 1,380 ($17.08) in a research note issued on Friday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective indicates a potential upside of 62.74% from the stock’s current price.
Several other equities research analysts also recently issued reports on the company. Morgan Stanley raised Sky Plc to an “overweight” rating and lowered 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 downgraded Sky Plc to a “hold” rating and set a GBX 865 ($10.71) price target on the stock. in a research report on Thursday. 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. Finally, Numis Securities Ltd raised Sky Plc to a “buy” rating and set a GBX 1,250 ($15.47) price target on the stock in a research report on Thursday, July 28th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 978.65 ($12.11).
Shares of Sky Plc (LON:SKY) opened at 848.00 on Friday. The firm’s market capitalization is GBX 14.48 billion. Sky Plc has a 12 month low of GBX 560.00 and a 12 month high of GBX 1,134.00. The stock’s 50 day moving average price is GBX 865.72 and its 200-day moving average price is GBX 907.29.
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The firm also recently announced a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be issued a dividend of GBX 20.95 ($0.26) per share. This represents a yield of 2.32%. The ex-dividend date 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 stock in a transaction on Tuesday, September 27th. The stock was 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 stock in a transaction on 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).
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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