Sky Plc’s (SKY) Buy Rating Reaffirmed at Liberum Capital
SKY has been the subject of several other reports. Citigroup Inc. restated a buy rating on shares of Sky Plc in a report on Tuesday, November 7th. S&P Global set a GBX 1,075 ($14.14) price objective on shares of Sky Plc and gave the stock a buy rating in a report on Thursday, July 27th. UBS AG set a GBX 1,310 ($17.23) target price on shares of Sky Plc and gave the stock a buy rating in a research report on Thursday, July 27th. Jefferies Group LLC reaffirmed a buy rating and issued a GBX 1,160 ($15.26) target price on shares of Sky Plc in a research report on Wednesday, September 13th. Finally, Credit Suisse Group reaffirmed a neutral rating and issued a GBX 1,075 ($14.14) target price on shares of Sky Plc in a research report on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of GBX 1,095.88 ($14.41).
Shares of Sky Plc (LON SKY) traded up GBX 37 ($0.49) during midday trading on Friday, reaching GBX 940 ($12.36). 17,341,709 shares of the company’s stock traded hands, compared to its average volume of 4,310,000. Sky Plc has a 1-year low of GBX 747.50 ($9.83) and a 1-year high of GBX 1,050 ($13.81).
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The business also recently declared a dividend, which will be paid on Friday, February 9th. Stockholders of record on Thursday, January 11th will be issued a dividend of GBX 10 ($0.13) per share. This represents a dividend yield of 1.07%. The ex-dividend date is Thursday, January 11th.
In related news, insider Andrew (Andy) Sukawaty purchased 113 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were purchased at an average price of GBX 938 ($12.34) per share, with a total value of £1,059.94 ($1,394.11). Also, insider Matthieu Pigasse purchased 101 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were bought at an average cost of GBX 952 ($12.52) per share, for a total transaction of £961.52 ($1,264.66). In the last ninety days, insiders have bought 25,452 shares of company stock worth $24,325,451.
About Sky Plc
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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