Sky Plc (SKY) PT Raised to GBX 915 at Jefferies Group
Sky Plc (LON:SKY) had its target price increased by stock analysts at Jefferies Group from GBX 895 ($11.68) to GBX 915 ($11.94) in a research note issued on Monday. The brokerage presently has a “hold” rating on the stock. Jefferies Group’s price target would indicate a potential upside of 3.21% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Citigroup Inc. restated a “buy” rating on shares of Sky Plc in a report on Wednesday, July 20th. Shore Capital restated a “buy” rating on shares of Sky Plc in a report on Wednesday, July 13th. Societe Generale reduced their price target on shares of Sky Plc from GBX 1,350 ($17.62) to GBX 1,320 ($17.23) and set a “buy” rating for the company in a report on Friday, July 8th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 1,425 ($18.60) price objective on shares of Sky Plc in a report on Thursday, July 21st. Finally, Numis Securities Ltd upgraded shares of Sky Plc to a “buy” rating and set a GBX 1,250 ($16.32) price objective for the company in a report on Thursday, July 28th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 1,053.59 ($13.75).
Sky Plc (LON:SKY) opened at 888.50 on Monday. Sky Plc has a 52 week low of GBX 560.00 and a 52 week high of GBX 1,134.00. The company has a 50-day moving average of GBX 863.85 and a 200-day moving average of GBX 911.47. The firm’s market capitalization is GBX 15.18 billion.
The firm also recently declared a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 6th will be given a GBX 20.95 ($0.27) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a dividend yield of 2.32%. This is a positive change from Sky Plc’s previous dividend of $12.55.
In other news, insider Sukawaty,Andrew (Andy) bought 114 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were acquired at an average price of GBX 870 ($11.36) per share, with a total value of £991.80 ($1,294.61). Also, insider Darroch,Jeremy bought 61,793 shares of the firm’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).
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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