Sky Plc (LON:SKY) had its price objective upped by Barclays PLC from GBX 950 ($12.40) to GBX 1,000 ($13.05) in a research report sent to investors on Monday. Barclays PLC currently has an overweight rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 1,500 ($19.58) price objective on shares of Sky Plc in a research report on Friday, June 10th. Shore Capital reaffirmed a buy rating on shares of Sky Plc in a research report on Friday, June 10th. Societe Generale reiterated a buy rating and issued a GBX 1,350 ($17.62) price target on shares of Sky Plc in a research note on Thursday, June 16th. Citigroup Inc. lowered their price target on shares of Sky Plc from GBX 1,400 ($18.27) to GBX 1,350 ($17.62) and set a buy rating on the stock in a research note on Monday, June 13th. Finally, Numis Securities Ltd upgraded shares of Sky Plc to a buy rating and set a GBX 1,250 ($16.32) price target on the stock in a research note on Thursday, July 28th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of GBX 1,052.68 ($13.74).
Shares of Sky Plc (LON:SKY) opened at 901.00 on Monday. The company has a 50 day moving average of GBX 862.88 and a 200 day moving average of GBX 911.95. Sky Plc has a 1-year low of GBX 560.00 and a 1-year high of GBX 1,134.00. The company’s market cap is GBX 15.39 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be issued a GBX 20.95 ($0.27) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 2.32%. This is an increase from Sky Plc’s previous dividend of $12.55.
In other news, insider Dave Lewis purchased 337 shares of the business’s stock in a transaction dated Tuesday, September 27th. The stock was bought at an average price of GBX 842 ($10.99) per share, with a total value of £2,837.54 ($3,703.88). Also, insider Darroch,Jeremy purchased 61,793 shares of the business’s stock in a transaction dated Tuesday, August 30th. The shares were purchased at an average cost of GBX 864 ($11.28) per share, with a total value of £533,891.52 ($696,895.34).
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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