Sky Plc (LON:SKY) had its price objective lowered by analysts at Deutsche Bank AG from GBX 1,425 ($17.37) to GBX 1,380 ($16.82) in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s price target would indicate a potential upside of 64.78% from the company’s current price.
A number of other equities research analysts have also issued reports on the stock. Royal Bank Of Canada increased their target price on shares of Sky Plc from GBX 1,100 ($13.41) to GBX 1,125 ($13.71) and gave the stock an “outperform” rating in a report on Friday. Shore Capital lowered shares of Sky Plc to a “hold” rating and set a GBX 865 ($10.54) target price on the stock. in a report on Thursday, October 13th. Liberum Capital reiterated a “sell” rating on shares of Sky Plc in a report on Thursday, October 13th. Numis Securities Ltd upgraded shares of Sky Plc to a “buy” rating and set a GBX 1,250 ($15.23) target price on the stock in a report on Thursday, October 13th. Finally, Macquarie reduced their target price on shares of Sky Plc from GBX 300 ($3.66) to GBX 290 ($3.53) and set an “outperform” rating on the stock in a report on Friday, October 7th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 969.52 ($11.82).
Sky Plc (LON:SKY) opened at 837.50 on Friday. Sky Plc has a 52-week low of GBX 560.00 and a 52-week high of GBX 1,134.00. The firm’s market capitalization is GBX 14.31 billion. The company’s 50-day moving average is GBX 864.18 and its 200-day moving average is GBX 903.86.
The business also recently disclosed a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 6th will be paid a GBX 20.95 ($0.26) dividend. This is a boost from Sky Plc’s previous dividend of $12.55. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 2.32%.
In related news, insider Sukawaty,Andrew (Andy) acquired 114 shares of Sky Plc stock in a transaction that occurred on Friday, August 26th. The stock was purchased at an average price of GBX 870 ($10.60) per share, for a total transaction of £991.80 ($1,208.78). Also, insider Lewis,Dave acquired 312 shares of Sky Plc stock in a transaction that occurred on Wednesday, July 27th. The stock was bought at an average price of GBX 888 ($10.82) per share, with a total value of £2,770.56 ($3,376.67).
About Sky Plc
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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