Sky Plc (SKY) Receives “Buy” Rating from Goldman Sachs Group Inc.
Several other analysts also recently weighed in on SKY. BNP Paribas boosted their price objective on Sky Plc from GBX 1,050 ($13.71) to GBX 1,100 ($14.36) and gave the company a neutral rating in a research report on Wednesday, June 1st. Morgan Stanley reiterated an equal weight rating and issued a GBX 1,100 ($14.36) price objective on shares of Sky Plc in a research report on Monday, June 6th. Haitong Bank reiterated a sell rating and issued a GBX 875 ($11.42) price objective on shares of Sky Plc in a research report on Tuesday, June 7th. Deutsche Bank AG reiterated 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. Finally, Liberum Capital reiterated a sell rating and issued a GBX 530 ($6.92) price objective on shares of Sky Plc in a research report on Friday, June 10th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 1,050.41 ($13.71).
Shares of Sky Plc (LON:SKY) opened at 885.03 on Tuesday. The firm’s 50-day moving average is GBX 858.95 and its 200-day moving average is GBX 916.35. The firm’s market cap is GBX 15.12 billion. Sky Plc has a 52-week low of GBX 560.00 and a 52-week high of GBX 1,134.00.
The firm also recently declared a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 6th will be issued a dividend of GBX 20.95 ($0.27) per share. This is an increase from Sky Plc’s previous dividend of $12.55. This represents a dividend yield of 2.32%. The ex-dividend date is Thursday, October 6th.
In other Sky Plc news, insider Lewis,Dave purchased 312 shares of the stock in a transaction dated Wednesday, July 27th. The shares were purchased at an average cost of GBX 888 ($11.59) per share, with a total value of £2,770.56 ($3,616.45). Also, insider Sukawaty,Andrew (Andy) purchased 114 shares of the stock in a transaction dated Friday, August 26th. The shares were acquired at an average cost of GBX 870 ($11.36) per share, for a total transaction of £991.80 ($1,294.61).
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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