Sky Plc (LON:SKY) has earned an average rating of “Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 1,109.44 ($15.33).
A number of research firms have weighed in on SKY. Societe Generale reissued a “buy” rating and set a GBX 1,320 ($18.24) price objective on shares of SKY in a report on Friday, January 26th. Citigroup reissued a “buy” rating and set a GBX 1,130 ($15.61) price objective on shares of SKY in a report on Thursday, January 25th. Shore Capital reissued a “hold” rating on shares of SKY in a report on Thursday, January 25th. Liberum Capital cut shares of SKY to a “hold” rating and cut their price objective for the stock from GBX 1,060 ($14.64) to GBX 810 ($11.19) in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating on shares of SKY in a report on Tuesday, January 16th.
In other news, insider Tracy Jayne Clarke acquired 70 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were purchased at an average cost of GBX 1,019 ($14.08) per share, for a total transaction of £713.30 ($985.49). Over the last quarter, insiders purchased 214 shares of company stock worth $213,797.
SKY (LON:SKY) last released its quarterly earnings data on Thursday, January 25th. The company reported GBX 31.30 ($0.43) earnings per share for the quarter. SKY had a net margin of 5.69% and a return on equity of 20.30%. The company had revenue of GBX 673.70 billion for the quarter.
The company also recently disclosed a dividend, which will be paid on Monday, April 23rd. Investors of record on Thursday, March 22nd will be given a GBX 13.06 ($0.18) dividend. This represents a yield of 1.23%. This is a positive change from SKY’s previous dividend of $10.00. The ex-dividend date of this dividend is Thursday, March 22nd.
SKY 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.
Receive News & Ratings for SKY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SKY and related companies with MarketBeat.com's FREE daily email newsletter.