Sky Plc (SKY) Stock Rating Reaffirmed by Barclays PLC
Sky Plc (LON:SKY)‘s stock had its “overweight” rating reissued by equities research analysts at Barclays PLC in a research note issued on Friday. They presently have a GBX 1,000 ($12.38) price target on the stock. Barclays PLC’s target price indicates a potential upside of 17.92% from the company’s previous close.
SKY has been the topic of several other reports. Berenberg Bank cut their target price on shares of Sky Plc from GBX 784 ($9.70) to GBX 730 ($9.03) and set a “sell” rating on the stock in a report on Friday, July 1st. Societe Generale reiterated a “buy” rating and issued a GBX 1,350 ($16.71) target price on shares of Sky Plc in a report on Thursday, June 16th. Numis Securities Ltd upgraded shares of Sky Plc to a “buy” rating and set a GBX 1,250 ($15.47) target price on the stock in a report on Thursday, July 28th. Haitong Bank reiterated a “sell” rating and issued a GBX 875 ($10.83) target price on shares of Sky Plc in a report on Thursday, July 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Sky Plc from GBX 965 ($11.94) to GBX 985 ($12.19) and gave the stock a “neutral” rating in a report on Tuesday, July 26th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 978.65 ($12.11).
Shares of Sky Plc (LON:SKY) opened at 851.60 on Friday. Sky Plc has a one year low of GBX 560.00 and a one year high of GBX 1,134.00. The company has a 50-day moving average of GBX 865.72 and a 200-day moving average of GBX 907.29. The company’s market capitalization is GBX 14.55 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be paid a GBX 20.95 ($0.26) dividend. 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 Darroch,Jeremy acquired 61,793 shares of the company’s stock in a transaction on Tuesday, August 30th. The stock was acquired at an average price of GBX 864 ($10.69) per share, for a total transaction of £533,891.52 ($660,756.83). Also, insider Sukawaty,Andrew (Andy) acquired 114 shares of the company’s stock in a transaction on Friday, August 26th. The stock was acquired at an average price of GBX 870 ($10.77) per share, with a total value of £991.80 ($1,227.48).
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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