SKY has been the subject of a number of other reports. Citigroup Inc. lowered their target price on Sky plc from GBX 1,350 ($17.76) to GBX 1,130 ($14.86) and set a buy rating for the company in a report on Wednesday, November 1st. Credit Suisse Group reiterated a neutral rating and issued a GBX 1,075 ($14.14) target price on shares of Sky plc in a report on Friday, October 13th. Jefferies Group LLC reiterated a buy rating and issued a GBX 1,160 ($15.26) target price on shares of Sky plc in a report on Wednesday, September 13th. Finally, Shore Capital reiterated a hold rating on shares of Sky plc in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of GBX 1,103.33 ($14.51).
Shares of Sky plc (LON:SKY) traded down GBX 7 ($0.09) during mid-day trading on Thursday, reaching GBX 911 ($11.98). The company’s stock had a trading volume of 2,362,910 shares, compared to its average volume of 3,790,000. Sky plc has a 1-year low of GBX 747.50 ($9.83) and a 1-year high of GBX 1,050 ($13.81).
The business also recently declared a dividend, which will be paid on Friday, February 9th. Investors of record on Thursday, January 11th will be issued a dividend of GBX 10 ($0.13) per share. The ex-dividend date is Thursday, January 11th. This represents a yield of 1.07%.
In other Sky plc news, insider Andrew (Andy) Sukawaty acquired 113 shares of the business’s stock in a transaction on Friday, October 27th. The shares were acquired 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 acquired 101 shares of the business’s stock in a transaction on Friday, August 25th. The stock was acquired at an average cost of GBX 952 ($12.52) per share, for a total transaction of £961.52 ($1,264.66). Insiders have purchased 25,452 shares of company stock valued at $24,325,451 in the last quarter.
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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