Sky Plc (LON:SKY)‘s stock had its “outperform” rating reaffirmed by analysts at Macquarie in a report issued on Wednesday. They currently have a GBX 1,400 ($17.33) target price on the stock. Macquarie’s price objective points to a potential upside of 59.36% from the stock’s previous close.

Several other brokerages also recently commented on SKY. Kepler Capital Markets reaffirmed a “hold” rating and set a GBX 1,100 ($13.61) price objective on shares of Sky Plc in a research note on Monday, August 1st. Barclays PLC reaffirmed an “overweight” rating and set a GBX 950 ($11.76) price objective on shares of Sky Plc in a research note on Friday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,100 ($13.61) price objective on shares of Sky Plc in a research note on Friday, July 29th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 1,425 ($17.64) price objective on shares of Sky Plc in a research note on Friday, July 29th. Finally, BNP Paribas reaffirmed an “outperform” rating and set a GBX 1,075 ($13.30) price objective on shares of Sky Plc in a research note on Friday, July 29th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 984.73 ($12.19).

Analyst Recommendations for Sky Plc (LON:SKY)

Shares of Sky Plc (LON:SKY) traded down 1.59% during midday trading on Wednesday, hitting GBX 864.50. 5,447,985 shares of the stock were exchanged. The firm has a 50-day moving average price of GBX 865.97 and a 200 day moving average price of GBX 907.98. The firm’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 business also recently announced a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 6th will be issued a GBX 20.95 ($0.26) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 2.32%. This is a boost from Sky Plc’s previous dividend of $12.55.

In related news, insider Sukawaty,Andrew (Andy) bought 114 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were bought at an average price of GBX 870 ($10.77) per share, for a total transaction of £991.80 ($1,227.48). Also, insider Lewis,Dave bought 312 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The stock was bought at an average price of GBX 888 ($10.99) per share, for a total transaction of £2,770.56 ($3,428.91).

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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