Sky Plc (LON:SKY) had its target price decreased by Macquarie from GBX 300 ($3.71) to GBX 290 ($3.59) in a report released on Friday morning. Macquarie currently has an outperform rating on the stock.
A number of other equities research analysts also recently weighed in on SKY. Deutsche Bank AG restated a buy rating and set a GBX 1,500 ($18.56) target price on shares of Sky Plc in a research report on Friday, June 10th. Liberum Capital restated a sell rating and set a GBX 530 ($6.56) target price on shares of Sky Plc in a research report on Friday, June 10th. Shore Capital restated a buy rating on shares of Sky Plc in a research report on Friday, June 10th. HSBC boosted their target price on Sky Plc from GBX 1,010 ($12.50) to GBX 1,030 ($12.75) and gave the stock a hold rating in a research report on Friday, June 10th. Finally, Citigroup Inc. dropped their price objective on Sky Plc from GBX 1,400 ($17.33) to GBX 1,350 ($16.71) and set a buy rating for the company in a report on Monday, June 13th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. Sky Plc presently has a consensus rating of Hold and an average price target of GBX 984.73 ($12.19).
Shares of Sky Plc (LON:SKY) traded down 1.59% during midday trading on Friday, reaching GBX 864.50. The company’s stock had a trading volume of 5,447,985 shares. Sky Plc has a 12 month low of GBX 560.00 and a 12 month high of GBX 1,134.00. The stock has a 50-day moving average of GBX 865.54 and a 200 day moving average of GBX 908.01. The company’s market cap is GBX 14.77 billion.
The business also recently announced a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 6th will be issued a dividend of GBX 20.95 ($0.26) per share. This represents a yield of 2.32%. The ex-dividend date is Thursday, October 6th. This is a positive change from Sky Plc’s previous dividend of $12.55.
In other Sky Plc news, insider Lewis,Dave acquired 312 shares of the company’s stock in a transaction on Wednesday, July 27th. The shares were purchased at an average price of GBX 888 ($10.99) per share, for a total transaction of £2,770.56 ($3,428.91). Also, insider Dave Lewis acquired 337 shares of the company’s stock in a transaction on Tuesday, September 27th. The stock was acquired at an average price of GBX 842 ($10.42) per share, for a total transaction of £2,837.54 ($3,511.81).
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.
Receive News & Ratings for Sky Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sky Plc and related companies with MarketBeat.com's FREE daily email newsletter.