Sky Plc (SKY) Given New GBX 290 Price Target at Macquarie
Several other equities research analysts have also weighed in on SKY. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 1,500 ($18.56) target price on shares of Sky Plc in a research report on Friday, June 10th. Liberum Capital reaffirmed a sell rating and issued a GBX 530 ($6.56) target price on shares of Sky Plc in a research report on Friday, June 10th. Shore Capital reaffirmed a buy rating on shares of Sky Plc in a research report on Friday, June 10th. HSBC increased their target price on Sky Plc from GBX 1,010 ($12.50) to GBX 1,030 ($12.75) and gave the stock a hold rating in a research report on Friday, June 10th. Finally, Citigroup Inc. dropped their target price on Sky Plc from GBX 1,400 ($17.33) to GBX 1,350 ($16.71) and set a buy rating on the stock in a research report on Monday, June 13th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 984.73 ($12.19).
Sky Plc (LON:SKY) traded down 1.59% during midday trading on Friday, hitting GBX 864.50. 5,447,985 shares of the company traded hands. The stock’s market cap is GBX 14.77 billion. Sky Plc has a 12-month low of GBX 560.00 and a 12-month high of GBX 1,134.00. The stock has a 50 day moving average of GBX 865.54 and a 200 day moving average of GBX 908.01.
The firm also recently disclosed a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be given a dividend of GBX 20.95 ($0.26) per share. The ex-dividend date 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 Sky Plc news, insider Sukawaty,Andrew (Andy) acquired 114 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was purchased at an average cost of GBX 870 ($10.77) per share, for a total transaction of £991.80 ($1,227.48). Also, insider Lewis,Dave acquired 312 shares of the firm’s stock in a transaction on Wednesday, July 27th. The shares were acquired at an average price of GBX 888 ($10.99) per share, with a total value of £2,770.56 ($3,428.91).
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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