Sky Plc (SKY) Price Target Increased to GBX 820 by Analysts at HSBC
SKY has been the topic of a number of other research reports. Goldman Sachs Group Inc. restated a buy rating on shares of Sky Plc in a research report on Tuesday, September 27th. Liberum Capital reiterated a sell rating and issued a GBX 630 ($7.80) price objective on shares of Sky Plc in a report on Thursday, September 22nd. Morgan Stanley reiterated an overweight rating and issued a GBX 1,000 ($12.38) price objective on shares of Sky Plc in a report on Tuesday, September 27th. Barclays PLC reiterated an overweight rating and issued a GBX 950 ($11.76) price objective on shares of Sky Plc in a report on Wednesday, August 31st. Finally, Macquarie reiterated an outperform rating and issued a GBX 1,400 ($17.33) price objective on shares of Sky Plc in a report on Thursday, August 25th. Four equities 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 company. Sky Plc has an average rating of Hold and a consensus target price of GBX 969.52 ($12.00).
Sky Plc (LON:SKY) traded down 0.71% during midday trading on Friday, hitting GBX 836.00. The company’s stock had a trading volume of 4,707,648 shares. The stock has a 50 day moving average of GBX 865.26 and a 200 day moving average of GBX 906.84. Sky Plc has a 52-week low of GBX 560.00 and a 52-week high of GBX 1,134.00. The company’s market cap is GBX 14.28 billion.
The business also recently disclosed a dividend, which will be paid on Friday, October 28th. Shareholders 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 of this dividend is Thursday, October 6th. This is an increase from Sky Plc’s previous dividend of $12.55.
In related news, insider Lewis,Dave acquired 312 shares of the company’s stock in a transaction on Wednesday, July 27th. The stock was acquired at an average price of GBX 888 ($10.99) per share, with a total value of £2,770.56 ($3,428.91). Also, insider Sukawaty,Andrew (Andy) acquired 114 shares of the company’s stock in a transaction on Friday, August 26th. The shares were bought at an average cost of GBX 870 ($10.77) per share, with a total value of £991.80 ($1,227.48).
Sky Plc Company Profile
Sky plc is an entertainment and communications company. The Company is engaged in operation of pay television broadcasting and home communications services, including provision of broadband and telephone operations. It operates through three segments: UK and Ireland, which includes activities and operations of the pay television, home communications and adjacent businesses in the United Kingdom and Ireland; Germany and Austria, which includes activities and operations of the pay television and adjacent businesses in Germany and Austria, and Italy, which includes activities and operations of the pay television and adjacent businesses in Italy.
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