Sky Plc (LON:SKY) had its target price increased by HSBC from GBX 800 ($9.75) to GBX 820 ($9.99) in a research report sent to investors on Friday morning. They currently have a hold rating on the stock.
A number of other equities analysts have also weighed in on SKY. Societe Generale restated a buy rating and set a GBX 1,350 ($16.45) target price on shares of Sky Plc in a research report on Thursday, June 16th. Jefferies Group lowered their price objective on shares of Sky Plc from GBX 915 ($11.15) to GBX 895 ($10.91) and set a hold rating for the company in a research report on Tuesday, June 21st. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 965 ($11.76) price objective on shares of Sky Plc in a research report on Monday, June 27th. BNP Paribas reiterated an outperform rating and set a GBX 1,075 ($13.10) price objective on shares of Sky Plc in a research report on Monday, June 27th. Finally, Berenberg Bank lowered their price objective on shares of Sky Plc from GBX 784 ($9.56) to GBX 730 ($8.90) and set a sell rating for the company in a research report on Friday, July 1st. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 969.52 ($11.82).
Shares of Sky Plc (LON:SKY) opened at 842.00 on Friday. The company’s market cap is GBX 14.38 billion. Sky Plc has a 52 week low of GBX 560.00 and a 52 week high of GBX 1,134.00. The stock’s 50 day moving average is GBX 863.59 and its 200-day moving average is GBX 902.59.
The firm also recently announced a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be given a dividend of GBX 20.95 ($0.26) per share. This is an increase from Sky Plc’s previous dividend of $12.55. The ex-dividend date is Thursday, October 6th. This represents a yield of 2.32%.
In other Sky Plc news, insider Lewis,Dave bought 312 shares of the business’s stock in a transaction on Wednesday, July 27th. The shares were acquired at an average price of GBX 888 ($10.82) per share, with a total value of £2,770.56 ($3,376.67). Also, insider Sukawaty,Andrew (Andy) purchased 114 shares of the stock in a transaction dated 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).
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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