Sky Plc (LON:SKY) Receives GBX 1,039 Consensus PT from Brokerages
Shares of Sky Plc (LON:SKY) have been given a consensus recommendation of “Hold” by the twenty-four analysts that are presently covering the company. Four equities research 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. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 1,039 ($13.56).
A number of research firms recently issued reports on SKY. Kepler Capital Markets reiterated a “hold” rating and set a GBX 1,100 ($14.36) price objective on shares of Sky Plc in a report on Tuesday, July 26th. Beaufort Securities reissued a “buy” rating on shares of Sky Plc in a research report on Friday, July 29th. Shore Capital reissued a “buy” rating on shares of Sky Plc in a research report on Friday, June 10th. BNP Paribas reissued an “outperform” rating and set a GBX 1,075 ($14.03) price target on shares of Sky Plc in a research report on Monday, June 27th. Finally, HSBC increased their price target on Sky Plc from GBX 1,010 ($13.18) to GBX 1,030 ($13.44) and gave the company a “hold” rating in a research report on Friday, June 10th.
In other news, insider Lewis,Dave acquired 312 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The shares were bought at an average price of GBX 888 ($11.59) per share, with a total value of £2,770.56 ($3,616.45). Also, insider Darroch,Jeremy acquired 61,793 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were purchased at an average cost of GBX 864 ($11.28) per share, for a total transaction of £533,891.52 ($696,895.34).
Shares of Sky Plc (LON:SKY) opened at 886.50 on Wednesday. Sky Plc has a 52-week low of GBX 560.00 and a 52-week high of GBX 1,134.00. The company’s market capitalization is GBX 15.14 billion. The stock’s 50 day moving average price is GBX 863.72 and its 200-day moving average price is GBX 911.77.
The firm also recently declared a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 6th will be paid a GBX 20.95 ($0.27) dividend. This is a positive change from Sky Plc’s previous dividend of $12.55. The ex-dividend date of this dividend is Thursday, October 6th. This represents a dividend yield of 2.32%.
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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