Sky Plc (SKY) Rating Reiterated by BNP Paribas
Sky Plc (LON:SKY)‘s stock had its “outperform” rating restated by research analysts at BNP Paribas in a research note issued to investors on Wednesday. They currently have a GBX 1,075 ($14.03) target price on the stock. BNP Paribas’ price target points to a potential upside of 18.07% from the stock’s current price.
Several other equities analysts have also issued reports on the company. Morgan Stanley upgraded Sky Plc to an “overweight” rating and decreased their target price for the stock from GBX 1,025 ($13.38) to GBX 1,000 ($13.05) in a research report on Monday, September 19th. Macquarie restated an “outperform” rating and set a GBX 1,400 ($18.27) target price on shares of Sky Plc in a research report on Thursday, August 25th. Deutsche Bank AG restated a “buy” rating and set a GBX 1,425 ($18.60) target price on shares of Sky Plc in a research report on Tuesday, September 6th. Numis Securities Ltd upgraded Sky Plc to a “buy” rating and set a GBX 1,250 ($16.32) target price for the company in a research report on Thursday, July 28th. Finally, Shore Capital restated a “buy” rating on shares of Sky Plc in a research report on Wednesday, July 13th. Four investment 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. Sky Plc has an average rating of “Hold” and an average price target of GBX 1,050.41 ($13.71).
Shares of Sky Plc (LON:SKY) opened at 901.00 on Wednesday. The stock has a 50 day moving average of GBX 858.32 and a 200-day moving average of GBX 915.77. Sky Plc has a 52-week low of GBX 560.00 and a 52-week high of GBX 1,134.00. The stock’s market capitalization is GBX 15.39 billion.
The firm also recently announced a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 6th will be issued a dividend of GBX 20.95 ($0.27) per share. The ex-dividend date of this dividend is Thursday, October 6th. This is a positive change from Sky Plc’s previous dividend of $12.55. This represents a dividend yield of 2.32%.
In other Sky Plc news, insider Darroch,Jeremy bought 61,793 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were acquired at an average cost of GBX 864 ($11.28) per share, with a total value of £533,891.52 ($696,895.34). Also, insider Lewis,Dave bought 312 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The shares were acquired at an average cost of GBX 888 ($11.59) per share, for a total transaction of £2,770.56 ($3,616.45).
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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