Several other research analysts have also recently commented on the stock. Berenberg Bank decreased their target price 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 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 on the stock in a research report on Thursday, July 28th. Haitong Bank reaffirmed a sell rating and set a GBX 875 ($11.42) target price on shares of Sky Plc in a research report on Thursday, July 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Sky Plc from GBX 965 ($12.60) to GBX 985 ($12.86) and gave the stock a neutral rating in a research report on Tuesday, July 26th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 1,050.41 ($13.71).
Shares of Sky Plc (LON:SKY) traded up 4.6401% during midday trading on Tuesday, reaching GBX 886.8245. 3,608,362 shares of the company traded hands. The company has a 50 day moving average of GBX 858.95 and a 200 day moving average of GBX 916.35. Sky Plc has a 12 month low of GBX 560.00 and a 12 month high of GBX 1,134.00. The firm’s market capitalization is GBX 15.15 billion.
The business also recently disclosed a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 6th will be issued a GBX 20.95 ($0.27) dividend. This represents a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, October 6th. This is an increase from Sky Plc’s previous dividend of $12.55.
In related news, insider Lewis,Dave acquired 312 shares of the business’s stock in a transaction dated Wednesday, July 27th. The stock was bought at an average price of GBX 888 ($11.59) per share, with a total value of £2,770.56 ($3,616.45). Also, insider Darroch,Jeremy acquired 61,793 shares of the business’s stock in a transaction dated Tuesday, August 30th. The stock was bought 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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