Sky Plc (LON:SKY) had its price objective raised by equities research analysts at Royal Bank Of Canada from GBX 1,100 ($13.61) to GBX 1,125 ($13.92) in a report released on Friday. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 32.67% from the company’s current price.

Several other equities analysts have also issued reports on SKY. Kepler Capital Markets reissued a “hold” rating and issued a GBX 1,100 ($13.61) price target on shares of Sky Plc in a report on Tuesday, July 26th. Numis Securities Ltd raised shares of Sky Plc to a “buy” rating and set a GBX 1,250 ($15.47) price target for the company in a report on Thursday. Beaufort Securities reissued a “buy” rating on shares of Sky Plc in a report on Friday, July 29th. Societe Generale decreased their price target 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 report on Friday, July 8th. Finally, BNP Paribas reissued an “outperform” rating and issued a GBX 1,075 ($13.30) price target on shares of Sky Plc in a report on Monday, June 27th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. Sky Plc has an average rating of “Hold” and an average target price of GBX 978.65 ($12.11).

Analyst Recommendations for Sky Plc (LON:SKY)

Shares of Sky Plc (LON:SKY) opened at 848.00 on Friday. The firm’s market capitalization is GBX 14.48 billion. The stock’s 50 day moving average price is GBX 865.72 and its 200-day moving average price is GBX 907.29. Sky Plc has a 12 month low of GBX 560.00 and a 12 month high of GBX 1,134.00.

The firm also recently announced 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. This represents a dividend yield of 2.32%. The ex-dividend date is Thursday, October 6th. This is a positive change from Sky Plc’s previous dividend of $12.55.

In other news, insider Dave Lewis purchased 337 shares of Sky Plc 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). Also, insider Sukawaty,Andrew (Andy) purchased 114 shares of Sky Plc stock in a transaction that occurred on Friday, August 26th. The shares were purchased at an average price of GBX 870 ($10.77) per share, for a total transaction of £991.80 ($1,227.48).

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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