Sky Plc (SKY) Given Average Rating of “Buy” by Analysts
Shares of Sky Plc (LON:SKY) have earned a consensus recommendation of “Buy” from the nineteen research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 1,103.33 ($14.56).
Several research firms have commented on SKY. Citigroup Inc. decreased their price target on shares of Sky Plc from GBX 1,350 ($17.81) to GBX 1,130 ($14.91) and set a “buy” rating on the stock in a research note on Wednesday. Liberum Capital reissued a “hold” rating and set a GBX 1,060 ($13.99) price target on shares of Sky Plc in a research note on Wednesday, August 9th. Shore Capital reissued a “hold” rating on shares of Sky Plc in a research note on Thursday, July 27th. Jefferies Group LLC reissued a “buy” rating and set a GBX 1,160 ($15.31) price target on shares of Sky Plc in a research note on Wednesday, September 13th. Finally, Credit Suisse Group reissued a “neutral” rating and set a GBX 1,075 ($14.19) price target on shares of Sky Plc in a research note on Wednesday, September 13th.
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The company also recently announced a dividend, which will be paid on Friday, February 9th. Investors of record on Thursday, January 11th will be paid a GBX 10 ($0.13) dividend. This represents a dividend yield of 1.07%. The ex-dividend date is Thursday, January 11th.
In related news, insider Andrew Neal Griffith purchased 25,135 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were acquired at an average price of GBX 956 ($12.62) per share, for a total transaction of £240,290.60 ($317,089.73). Also, insider Matthieu Pigasse purchased 103 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was bought at an average price of GBX 915 ($12.07) per share, for a total transaction of £942.45 ($1,243.67). Over the last ninety days, insiders purchased 25,452 shares of company stock worth $24,325,451.
Sky Plc Company Profile
Sky plc is an entertainment and communications company. The Company is engaged in operation of pay television broadcasting and home communications services, including provision of broadband and telephone operations. It operates through three segments: UK and Ireland, which includes activities and operations of the pay television, home communications and adjacent businesses in the United Kingdom and Ireland; Germany and Austria, which includes activities and operations of the pay television and adjacent businesses in Germany and Austria, and Italy, which includes activities and operations of the pay television and adjacent businesses in Italy.
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