Sky Plc (SKY) PT Lowered to GBX 1,380
Sky Plc (LON:SKY) had its price objective reduced by Deutsche Bank AG from GBX 1,425 ($17.64) to GBX 1,380 ($17.08) in a report issued on Friday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s target price would suggest a potential upside of 62.74% from the company’s current price.
Several other research firms have also commented on SKY. Kepler Capital Markets reiterated a “hold” rating and issued a GBX 1,100 ($13.61) target price on shares of Sky Plc in a research note on Monday, August 1st. Barclays PLC reiterated an “overweight” rating and issued a GBX 950 ($11.76) target price on shares of Sky Plc in a research note on Friday, July 29th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,100 ($13.61) price target on shares of Sky Plc in a research report on Friday, July 29th. BNP Paribas reissued an “outperform” rating and set a GBX 1,075 ($13.30) price target on shares of Sky Plc in a research report on Friday, July 29th. Finally, Beaufort Securities reissued a “buy” rating on shares of Sky Plc in a research report on Friday, July 29th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 978.65 ($12.11).
Shares of Sky Plc (LON:SKY) opened at 848.00 on Friday. The stock’s 50 day moving average price is GBX 865.72 and its 200 day moving average price is GBX 907.29. The firm’s market cap is GBX 14.48 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 declared a dividend, which will be paid on Friday, October 28th. Stockholders 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%. This is a boost from Sky Plc’s previous dividend of $12.55. The ex-dividend date is Thursday, October 6th.
In related news, insider Darroch,Jeremy purchased 61,793 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were acquired at an average cost of GBX 864 ($10.69) per share, for a total transaction of £533,891.52 ($660,756.83). Also, insider Dave Lewis purchased 337 shares of the company’s stock in a transaction dated Tuesday, September 27th. The shares were bought at an average price of GBX 842 ($10.42) per share, for a total transaction of £2,837.54 ($3,511.81).
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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