Sky Plc (SKY) Stock Rating Reaffirmed by Beaufort Securities
Sky Plc (LON:SKY)‘s stock had its “buy” rating restated by analysts at Beaufort Securities in a research report issued on Thursday.
SKY has been the topic of several other reports. Berenberg Bank lowered their target price on Sky Plc from GBX 784 ($10.44) to GBX 730 ($9.72) and set a “sell” rating on the stock in a research report on Friday, July 1st. Societe Generale reiterated a “buy” rating and set a GBX 1,350 ($17.98) price target on shares of Sky Plc in a research report on Thursday, June 16th. Numis Securities Ltd upgraded Sky Plc to a “buy” rating and set a GBX 1,250 ($16.65) price target on the stock in a research report on Thursday, July 28th. Haitong Bank reiterated a “sell” rating and set a GBX 875 ($11.65) price target on shares of Sky Plc in a research report on Thursday, July 7th. Finally, JPMorgan Chase & Co. lifted their price target on Sky Plc from GBX 965 ($12.85) to GBX 985 ($13.12) and gave the company a “neutral” rating in a research report on Tuesday, July 26th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 1,054.95 ($14.05).
Sky Plc (LON:SKY) opened at 840.364 on Thursday. Sky Plc has a 52-week low of GBX 560.00 and a 52-week high of GBX 1,134.00. The stock’s market capitalization is GBX 14.35 billion. The company’s 50-day moving average price is GBX 869.34 and its 200 day moving average price is GBX 926.15.
The business also recently declared a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be given a GBX 20.95 ($0.28) dividend. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 2.32%. This is a boost from Sky Plc’s previous dividend of $12.55.
In related news, insider Darroch,Jeremy purchased 61,793 shares of Sky Plc stock in a transaction on Tuesday, August 30th. The stock was bought at an average price of GBX 864 ($11.51) per share, with a total value of £533,891.52 ($711,096.86). Also, insider Lewis,Dave purchased 336 shares of Sky Plc stock in a transaction on Monday, June 27th. The stock was bought at an average cost of GBX 824 ($10.97) per share, with a total value of £2,768.64 ($3,687.59).
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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