Other equities research analysts also recently issued research reports about the stock. Deutsche Bank AG reissued a buy rating and issued a GBX 1,425 ($17.64) target price on shares of Sky Plc in a research note on Thursday, July 21st. Citigroup Inc. reissued a buy rating on shares of Sky Plc in a research note on Wednesday, July 20th. Societe Generale reduced their target price on shares of Sky Plc from GBX 1,350 ($16.71) to GBX 1,320 ($16.34) and set a buy rating on the stock in a research note on Friday, July 8th. Numis Securities Ltd raised shares of Sky Plc to a buy rating and set a GBX 1,250 ($15.47) target price on the stock in a research note on Thursday, July 28th. Finally, Beaufort Securities reissued a buy rating on shares of Sky Plc in a research note on Friday, July 29th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 969.52 ($12.00).
Shares of Sky Plc (LON:SKY) remained flat at GBX 848.00 on Thursday. 2,434,774 shares of the stock were exchanged. The firm’s market cap is GBX 14.48 billion. Sky Plc has a one year low of GBX 560.00 and a one year high of GBX 1,134.00. The stock’s 50 day moving average price is GBX 865.72 and its 200-day moving average price is GBX 907.29.
The business also recently disclosed a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 6th will be given a GBX 20.95 ($0.26) dividend. This is a positive change from Sky Plc’s previous dividend of $12.55. This represents a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, October 6th.
In related news, insider Lewis,Dave acquired 312 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The stock was purchased at an average cost of GBX 888 ($10.99) per share, with a total value of £2,770.56 ($3,428.91). Also, insider Sukawaty,Andrew (Andy) acquired 114 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The stock was bought at an average cost of GBX 870 ($10.77) per share, with a total value of £991.80 ($1,227.48).
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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