Barclays PLC Boosts Sky Plc (SKY) Price Target to GBX 1,000
Sky Plc (LON:SKY) had its price target upped by investment analysts at Barclays PLC from GBX 950 ($12.40) to GBX 1,000 ($13.05) in a research report issued to clients and investors on Monday. The brokerage presently has an “overweight” rating on the stock. Barclays PLC’s price target would indicate a potential upside of 11.86% from the stock’s previous close.
Several other analysts have also recently commented on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,100 ($14.36) price target on shares of Sky Plc in a research report on Friday, July 29th. Citigroup Inc. dropped their price target on Sky Plc from GBX 1,400 ($18.27) to GBX 1,350 ($17.62) and set a “buy” rating for the company in a research report on Monday, June 13th. Haitong Bank upgraded Sky Plc to a “neutral” rating and set a GBX 875 ($11.42) price target for the company in a research report on Thursday, August 4th. Shore Capital reiterated a “buy” rating on shares of Sky Plc in a research report on Friday, June 10th. Finally, Liberum Capital reiterated a “sell” rating and set a GBX 530 ($6.92) price target on shares of Sky Plc in a research report on Thursday, July 14th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,052.68 ($13.74).
Shares of Sky Plc (LON:SKY) opened at 893.930786 on Monday. Sky Plc has a 1-year low of GBX 560.00 and a 1-year high of GBX 1,134.00. The firm has a 50-day moving average price of GBX 858.78 and a 200-day moving average price of GBX 915.29. The stock’s market cap is GBX 15.27 billion.
The business also recently declared a dividend, which will be paid on Friday, October 28th. Shareholders 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. The ex-dividend date is Thursday, October 6th. This represents a yield of 2.32%.
In other Sky Plc news, insider Darroch,Jeremy acquired 61,793 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were acquired at an average price of GBX 864 ($11.28) per share, for a total transaction of £533,891.52 ($696,895.34). Also, insider Sukawaty,Andrew (Andy) acquired 114 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was acquired at an average price 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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