Sky Plc (SKY) Earns Buy Rating from Beaufort Securities
Sky Plc (LON:SKY)‘s stock had its “buy” rating reissued by research analysts at Beaufort Securities in a note issued to investors on Friday.
Other analysts also recently issued research reports about the company. Liberum Capital reiterated a “sell” rating on shares of Sky Plc in a research note on Thursday. Numis Securities Ltd upgraded Sky Plc to a “buy” rating and set a GBX 1,250 ($15.47) price target for the company in a research note on Thursday. Shore Capital downgraded Sky Plc to a “hold” rating and set a GBX 865 ($10.71) price target for the company. in a research note on Thursday. Royal Bank Of Canada upped their price target on Sky Plc from GBX 1,100 ($13.61) to GBX 1,125 ($13.92) and gave the stock an “outperform” rating in a research note on Friday. Finally, Deutsche Bank AG decreased their price target on Sky Plc from GBX 1,425 ($17.64) to GBX 1,380 ($17.08) and set a “buy” rating for the company in a research note on Friday. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 978.65 ($12.11).
Sky Plc (LON:SKY) opened at 848.50 on Friday. Sky Plc has a 52-week low of GBX 560.00 and a 52-week high of GBX 1,134.00. The firm’s market cap is GBX 14.49 billion. The company’s 50-day moving average price is GBX 865.72 and its 200-day moving average price is GBX 907.29.
The business 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. The ex-dividend date of this dividend is Thursday, October 6th. This is a boost from Sky Plc’s previous dividend of $12.55. This represents a dividend yield of 2.32%.
In other Sky Plc news, insider Sukawaty,Andrew (Andy) purchased 114 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were acquired 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 purchased 337 shares of the firm’s stock in a transaction that occurred on Tuesday, September 27th. The shares were acquired 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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