Sky Plc (SKY) Price Target Increased to GBX 915 by Analysts at Societe Generale
Sky Plc (LON:SKY) had its price target hoisted by Societe Generale from GBX 895 ($11.08) to GBX 915 ($11.32) in a research note published on Wednesday. Societe Generale currently has a hold rating on the stock.
Other equities analysts also recently issued research reports about the company. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 1,425 ($17.64) price objective on shares of Sky Plc in a research report on Thursday, July 21st. Shore Capital reaffirmed a buy rating on shares of Sky Plc in a research report on Wednesday, July 13th. Citigroup Inc. reaffirmed a buy rating on shares of Sky Plc in a research report on Wednesday, July 20th. Numis Securities Ltd raised Sky Plc to a buy rating and set a GBX 1,250 ($15.47) price objective on the stock in a research report on Thursday, July 28th. Finally, Beaufort Securities reiterated a buy rating on shares of Sky Plc in a 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 given a buy rating to the company’s stock. Sky Plc presently has a consensus rating of Hold and an average price target of GBX 979.52 ($12.12).
Shares of Sky Plc (LON:SKY) opened at 841.00 on Wednesday. The company’s market capitalization is GBX 14.37 billion. Sky Plc has a 12-month low of GBX 560.00 and a 12-month high of GBX 1,134.00. The company has a 50-day moving average price of GBX 865.93 and a 200 day moving average price of GBX 907.71.
The firm also recently announced a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be paid a dividend of GBX 20.95 ($0.26) per share. This is a boost from Sky Plc’s previous dividend of $12.55. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 2.32%.
In other Sky Plc news, insider Lewis,Dave bought 312 shares of the business’s stock in a transaction on Wednesday, July 27th. The stock was bought at an average price of GBX 888 ($10.99) per share, with a total value of £2,770.56 ($3,428.91). Also, insider Dave Lewis bought 337 shares of the business’s stock in a transaction on Tuesday, September 27th. The shares were acquired at an average cost of GBX 842 ($10.42) per share, with a total value 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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