Sky Plc’s (SKY) “Sell” Rating Reaffirmed at Liberum Capital
A number of other research analysts have also commented on SKY. Societe Generale reiterated a buy rating and issued a GBX 1,350 ($16.71) price objective on shares of Sky Plc in a research report on Thursday, June 16th. Jefferies Group cut their price target on Sky Plc from GBX 915 ($11.32) to GBX 895 ($11.08) and set a hold rating on the stock in a research note on Tuesday, June 21st. JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 965 ($11.94) price target on shares of Sky Plc in a research note on Monday, June 27th. BNP Paribas reissued an outperform rating and issued a GBX 1,075 ($13.30) price target on shares of Sky Plc in a research note on Monday, June 27th. Finally, Berenberg Bank cut their price target on Sky Plc from GBX 784 ($9.70) to GBX 730 ($9.03) and set a sell rating on the stock in a research note on Friday, July 1st. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of Hold and a consensus 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. Sky Plc has a 12-month low of GBX 560.00 and a 12-month 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 stock’s market cap is GBX 14.48 billion.
The company also recently disclosed 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 is an increase from Sky Plc’s previous dividend of $12.55. This represents a yield of 2.32%. The ex-dividend date of this dividend is Thursday, October 6th.
In related news, insider Dave Lewis bought 337 shares of the firm’s stock in a transaction on Tuesday, September 27th. The shares were purchased at an average price of GBX 842 ($10.42) per share, with a total value of £2,837.54 ($3,511.81). Also, insider Sukawaty,Andrew (Andy) bought 114 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were bought at an average cost of GBX 870 ($10.77) per share, for a total transaction 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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