Several other brokerages have also recently issued reports on SKY. Royal Bank Of Canada reissued an outperform rating and set a GBX 1,100 ($14.36) target price on shares of Sky Plc in a report on Friday, July 29th. Citigroup Inc. cut their price objective on shares of Sky Plc from GBX 1,400 ($18.27) to GBX 1,350 ($17.62) and set a buy rating for the company in a report on Monday, June 13th. Haitong Bank raised shares of Sky Plc to a neutral rating and set a GBX 875 ($11.42) price objective for the company in a report on Thursday, August 4th. Shore Capital reaffirmed a buy rating on shares of Sky Plc in a report on Friday, June 10th. Finally, Liberum Capital reaffirmed a sell rating and issued a GBX 530 ($6.92) price objective on shares of Sky Plc in a report on Thursday, July 14th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Sky Plc presently has a consensus rating of Hold and an average target price of GBX 1,052.68 ($13.74).
Sky Plc (LON:SKY) opened at 925.6364 on Wednesday. Sky Plc has a one year low of GBX 560.00 and a one year high of GBX 1,134.00. The company has a 50-day moving average of GBX 859.15 and a 200-day moving average of GBX 913.06. The stock’s market capitalization is GBX 15.81 billion.
The business also recently declared a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 6th will be paid a GBX 20.95 ($0.27) dividend. This represents a dividend yield of 2.32%. This is an increase from Sky Plc’s previous dividend of $12.55. The ex-dividend date is Thursday, October 6th.
In related news, insider Sukawaty,Andrew (Andy) purchased 114 shares of Sky Plc stock in a transaction dated Friday, August 26th. The shares were acquired at an average cost of GBX 870 ($11.36) per share, with a total value of £991.80 ($1,294.61). Also, insider Lewis,Dave purchased 312 shares of Sky Plc stock in a transaction dated Wednesday, July 27th. The stock was bought at an average cost of GBX 888 ($11.59) per share, for a total transaction of £2,770.56 ($3,616.45).
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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