Sky Plc (SKY) Downgraded to Hold at Shore Capital
Sky Plc (LON:SKY) was downgraded by stock analysts at Shore Capital to a “hold” rating in a note issued to investors on Thursday. They currently have a GBX 865 ($10.71) price objective on the stock. Shore Capital’s price objective indicates a potential upside of 0.06% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 1,425 ($17.64) target price on shares of Sky Plc in a research note on Thursday, July 21st. Citigroup Inc. reiterated a “buy” rating on shares of Sky Plc in a research note on Wednesday, July 20th. Societe Generale cut their target price on shares of Sky Plc from GBX 1,350 ($16.71) to GBX 1,320 ($16.34) and set a “buy” rating for the company in a research note on Friday, July 8th. Numis Securities Ltd upgraded shares of Sky Plc to a “buy” rating and set a GBX 1,250 ($15.47) target price for the company in a research note on Thursday, July 28th. Finally, Beaufort Securities restated a “buy” rating on shares of Sky Plc in a research report on Friday, July 29th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the stock. Sky Plc currently has an average rating of “Hold” and an average price target of GBX 979.52 ($12.12).
Sky Plc (LON:SKY) opened at 863.00 on Thursday. The firm’s 50-day moving average price is GBX 865.93 and its 200-day moving average price is GBX 907.71. 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 14.74 billion.
The company also recently announced a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 6th will be issued a GBX 20.95 ($0.26) dividend. This represents a dividend yield of 2.32%. This is a boost from Sky Plc’s previous dividend of $12.55. The ex-dividend date of this dividend is Thursday, October 6th.
In other news, insider Sukawaty,Andrew (Andy) bought 114 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were bought at an average cost of GBX 870 ($10.77) per share, with a total value of £991.80 ($1,227.48). Also, insider Lewis,Dave bought 312 shares of the company’s stock in a transaction dated Wednesday, July 27th. The stock was purchased at an average cost of GBX 888 ($10.99) per share, for a total transaction 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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