Sky Plc (SKY) Stock Rating Reaffirmed by Barclays PLC
Sky Plc (LON:SKY)‘s stock had its “overweight” rating reissued by stock analysts at Barclays PLC in a report released on Friday. They currently have a GBX 1,000 ($12.38) price target on the stock. Barclays PLC’s price objective indicates a potential upside of 17.92% from the company’s current price.
Other analysts also recently issued research reports about the stock. Liberum Capital reiterated a “sell” rating on shares of Sky Plc in a report on Thursday. Numis Securities Ltd upgraded shares of 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. Shore Capital lowered shares of Sky Plc to a “hold” rating and set a GBX 865 ($10.71) price target for the company. in a research report on Thursday. Royal Bank Of Canada increased their price target on shares of Sky Plc from GBX 1,100 ($13.61) to GBX 1,125 ($13.92) and gave the company an “outperform” rating in a research report on Friday. Finally, Deutsche Bank AG reduced their price target on shares of Sky Plc from GBX 1,425 ($17.64) to GBX 1,380 ($17.08) and set a “buy” rating for the company in a research report on Friday. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. Sky Plc has a consensus rating of “Hold” and an average target price of GBX 978.65 ($12.11).
Sky Plc (LON:SKY) opened at 851.60 on Friday. Sky Plc has a 12 month low of GBX 560.00 and a 12 month high of GBX 1,134.00. The firm’s market capitalization is GBX 14.55 billion. The stock has a 50 day moving average of GBX 865.72 and a 200 day moving average of GBX 907.29.
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The firm also recently declared a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be paid a dividend of GBX 20.95 ($0.26) per share. The ex-dividend date of this dividend is Thursday, October 6th. This is an increase from Sky Plc’s previous dividend of $12.55. This represents a dividend yield of 2.32%.
In other news, insider Darroch,Jeremy bought 61,793 shares of the business’s stock in a transaction dated Tuesday, August 30th. The shares were purchased at an average price of GBX 864 ($10.69) per share, for a total transaction of £533,891.52 ($660,756.83). Also, insider Dave Lewis bought 337 shares of the business’s stock in a transaction dated Tuesday, September 27th. The stock was purchased at an average price 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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