Sky Plc (SKY) Stock Rating Reaffirmed by Berenberg Bank
Sky Plc (LON:SKY)‘s stock had its “sell” rating reiterated by investment analysts at Berenberg Bank in a research note issued on Monday. They currently have a GBX 730 ($9.53) price objective on the stock. Berenberg Bank’s price objective would indicate a potential downside of 18.34% from the company’s current price.
A number of other equities research analysts have also recently commented on the stock. Barclays PLC raised their target price on shares of Sky Plc from GBX 950 ($12.40) to GBX 1,000 ($13.05) and gave the stock an “overweight” rating in a research note on Monday. BNP Paribas reiterated an “outperform” rating and set a GBX 1,075 ($14.03) price objective on shares of Sky Plc in a research report on Wednesday, September 28th. Kepler Capital Markets reiterated a “hold” rating and set a GBX 1,100 ($14.36) price objective on shares of Sky Plc in a research report on Tuesday, September 27th. Morgan Stanley reiterated an “overweight” rating and set a GBX 1,000 ($13.05) price objective on shares of Sky Plc in a research report on Tuesday, September 27th. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Sky Plc in a research report on Tuesday, September 27th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 1,052.68 ($13.74).
Shares of Sky Plc (LON:SKY) opened at 904.50 on Monday. The stock’s market cap is GBX 15.45 billion. The firm’s 50-day moving average is GBX 858.78 and its 200 day moving average is GBX 915.29. Sky Plc has a 12 month low of GBX 560.00 and a 12 month high of GBX 1,134.00.
The firm also recently disclosed a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 6th will be paid a GBX 20.95 ($0.27) dividend. 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 yield of 2.32%.
In other news, insider Darroch,Jeremy bought 61,793 shares of Sky Plc stock in a transaction on Tuesday, August 30th. The stock was acquired at an average cost of GBX 864 ($11.28) per share, for a total transaction of £533,891.52 ($696,895.34). Also, insider Sukawaty,Andrew (Andy) bought 114 shares of Sky Plc stock in a transaction on Friday, August 26th. The stock was purchased at an average price of GBX 870 ($11.36) per share, with a total value 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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