Sky Plc (SKY) Given “Sell” Rating at Berenberg Bank
A number of other equities analysts have also commented on SKY. Citigroup Inc. decreased their price objective on shares of Sky Plc from GBX 1,400 ($17.33) to GBX 1,350 ($16.71) and set a buy rating for the company in a research note on Monday, June 13th. Barclays PLC reaffirmed an overweight rating and issued a GBX 1,100 ($13.61) price objective on shares of Sky Plc in a research note on Monday, June 13th. Societe Generale reaffirmed a buy rating and issued a GBX 1,350 ($16.71) price objective on shares of Sky Plc in a research note on Thursday, June 16th. Jefferies Group decreased their price objective on shares of Sky Plc from GBX 915 ($11.32) to GBX 895 ($11.08) and set a hold rating for the company in a research note on Tuesday, June 21st. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 965 ($11.94) price objective on shares of Sky Plc in a research note on Monday, June 27th. 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 presently has an average rating of Hold and a consensus target price of GBX 1,053.59 ($13.04).
Shares of Sky Plc (LON:SKY) opened at 885.00 on Monday. The company has a 50-day moving average price of GBX 865.18 and a 200 day moving average price of GBX 908.98. Sky Plc has a one year low of GBX 560.00 and a one year high of GBX 1,134.00. The firm’s market capitalization is GBX 15.12 billion.
The business also recently announced a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 6th will be given a dividend of GBX 20.95 ($0.26) per share. This represents a dividend yield of 2.32%. 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.
In related news, insider Sukawaty,Andrew (Andy) bought 114 shares of Sky Plc stock in a transaction dated Friday, August 26th. The shares were bought at an average cost of GBX 870 ($10.77) per share, for a total transaction of £991.80 ($1,227.48). Also, insider Dave Lewis bought 337 shares of Sky Plc stock in a transaction dated Tuesday, September 27th. The shares were bought at an average price of GBX 842 ($10.42) per share, for a total transaction of £2,837.54 ($3,511.81).
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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