Sky Plc (SKY) Upgraded by Numis Securities Ltd to “Buy”
A number of other research analysts have also commented on SKY. Kepler Capital Markets reiterated a hold rating and issued a GBX 1,100 ($13.61) price objective on shares of Sky Plc in a research report on Tuesday, July 26th. Beaufort Securities reiterated a buy rating on shares of Sky Plc in a research report on Friday, July 29th. Societe Generale decreased their price objective on Sky Plc from GBX 1,350 ($16.71) to GBX 1,320 ($16.34) and set a buy rating on the stock in a research report on Friday, July 8th. BNP Paribas reiterated an outperform rating and issued a GBX 1,075 ($13.30) price objective on shares of Sky Plc in a research report on Monday, June 27th. Finally, Shore Capital reiterated a buy rating on shares of Sky Plc in a research report on Thursday, July 28th. Four equities 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 currently has a consensus rating of Hold and an average target price of GBX 969.52 ($12.00).
Shares of Sky Plc (LON:SKY) remained flat at GBX 848.00 on Thursday. 2,434,774 shares of the company’s stock traded hands. The stock’s market cap is GBX 14.48 billion. The company has a 50 day moving average of GBX 865.72 and a 200 day moving average of 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 company also recently disclosed a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 6th will be issued 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 boost from Sky Plc’s previous dividend of $12.55.
In other news, insider Sukawaty,Andrew (Andy) acquired 114 shares of Sky Plc stock in a transaction dated Friday, August 26th. The stock was bought at an average price of GBX 870 ($10.77) per share, for a total transaction of £991.80 ($1,227.48). Also, insider Lewis,Dave acquired 312 shares of Sky Plc stock in a transaction dated Wednesday, July 27th. The shares were purchased at an average price of GBX 888 ($10.99) per share, with a total value of £2,770.56 ($3,428.91).
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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