Kepler Capital Markets reaffirmed their hold rating on shares of Sky Plc (LON:SKY) in a report published on Tuesday. Kepler Capital Markets currently has a GBX 1,100 ($14.36) price target on the stock.
SKY has been the subject of a number of other reports. Berenberg Bank reduced their price target on shares of Sky Plc from GBX 784 ($10.23) to GBX 730 ($9.53) and set a sell rating for the company in a research report on Friday, July 1st. Societe Generale reissued a buy rating and issued a GBX 1,350 ($17.62) price target on shares of Sky Plc in a research report on Thursday, June 16th. Numis Securities Ltd raised shares of Sky Plc to a buy rating and set a GBX 1,250 ($16.32) target price for the company in a report on Thursday, July 28th. Haitong Bank reaffirmed a sell rating and issued a GBX 875 ($11.42) target price on shares of Sky Plc in a report on Thursday, July 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of Sky Plc from GBX 965 ($12.60) to GBX 985 ($12.86) and gave the company a neutral rating in a report on Tuesday, July 26th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Sky Plc currently has a consensus rating of Hold and an average target price of GBX 1,052.68 ($13.74).
Shares of Sky Plc (LON:SKY) opened at 899.20 on Tuesday. The firm’s 50-day moving average price is GBX 858.78 and its 200 day moving average price is GBX 915.29. The firm’s market capitalization is GBX 15.36 billion. Sky Plc has a 12 month low of GBX 560.00 and a 12 month high of GBX 1,134.00.
The company also recently disclosed a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 6th will be paid a dividend of GBX 20.95 ($0.27) 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 dividend yield of 2.32%.
In other news, insider Sukawaty,Andrew (Andy) acquired 114 shares of Sky Plc stock in a transaction that occurred on Friday, August 26th. The shares were acquired at an average price of GBX 870 ($11.36) per share, with a total value of £991.80 ($1,294.61). Also, insider Darroch,Jeremy acquired 61,793 shares of Sky Plc stock in a transaction that occurred on Tuesday, August 30th. The shares were purchased at an average cost of GBX 864 ($11.28) per share, for a total transaction of £533,891.52 ($696,895.34).
About Sky Plc
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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