Sky Plc (SKY) Receives Overweight Rating from Morgan Stanley
Morgan Stanley reaffirmed their overweight rating on shares of Sky Plc (LON:SKY) in a research report released on Tuesday morning. Morgan Stanley currently has a GBX 1,000 ($13.05) price objective on the stock.
Other equities research analysts have also issued reports about the stock. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 1,500 ($19.58) price target on shares of Sky Plc in a report on Friday, June 10th. Shore Capital reaffirmed a buy rating on shares of Sky Plc in a report on Friday, June 10th. Societe Generale reaffirmed a buy rating and issued a GBX 1,350 ($17.62) price target on shares of Sky Plc in a report 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 report on Monday, June 13th. Finally, Numis Securities Ltd raised shares of Sky Plc to a buy rating and set a GBX 1,250 ($16.32) price target on the stock in a report on Thursday, July 28th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. Sky Plc presently has an average rating of Hold and a consensus target price of GBX 1,050.41 ($13.71).
Sky Plc (LON:SKY) traded up 4.6401% during midday trading on Tuesday, reaching GBX 886.8245. The company’s stock had a trading volume of 3,608,362 shares. The company’s 50-day moving average is GBX 858.95 and its 200 day moving average is 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 cap is GBX 15.15 billion.
The business also recently declared a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 6th will be paid a dividend of GBX 20.95 ($0.27) per share. This is a positive change from Sky Plc’s previous dividend of $12.55. This represents a yield of 2.32%. The ex-dividend date of this dividend is Thursday, October 6th.
In related news, insider Dave Lewis purchased 337 shares of the business’s stock in a transaction that occurred on Tuesday, September 27th. The shares were purchased at an average cost of GBX 842 ($10.99) per share, for a total transaction of £2,837.54 ($3,703.88). Also, insider Darroch,Jeremy purchased 61,793 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were bought at an average price of GBX 864 ($11.28) per share, for a total transaction 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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