Sky Plc (SKY) Receives GBX 1,148.33 Average Price Target from Brokerages

Shares of Sky Plc (LON:SKY) have been assigned an average recommendation of “Buy” from the eleven analysts that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 1,148.33 ($16.23).

A number of research analysts recently weighed in on the stock. Liberum Capital raised shares of SKY to a “buy” rating in a research report on Tuesday, April 3rd. Societe Generale lowered shares of SKY to a “hold” rating and raised their price target for the company from GBX 1,250 ($17.67) to GBX 1,330 ($18.80) in a research report on Wednesday, February 28th. Royal Bank of Canada reissued a “sector performer” rating and set a GBX 1,150 ($16.25) price target on shares of SKY in a research report on Tuesday, February 27th. Shore Capital reissued a “hold” rating on shares of SKY in a research report on Tuesday, February 27th. Finally, Credit Suisse Group reissued a “neutral” rating and set a GBX 1,075 ($15.19) price target on shares of SKY in a research report on Tuesday, February 13th.

How to Become a New Pot Stock Millionaire

Shares of SKY traded up GBX 3 ($0.04) during trading hours on Wednesday, reaching GBX 1,317 ($18.61). 7,817,531 shares of the stock traded hands, compared to its average volume of 5,600,000. SKY has a 52 week low of GBX 11.40 ($0.16) and a 52 week high of GBX 1,378 ($19.48).

SKY (LON:SKY) last released its quarterly earnings results on Thursday, January 25th. The company reported GBX 31.30 ($0.44) earnings per share for the quarter. SKY had a net margin of 7.96% and a return on equity of 27.18%. The company had revenue of GBX 673.70 billion for the quarter.

The business also recently disclosed a dividend, which will be paid on Monday, April 23rd. Shareholders of record on Thursday, March 22nd will be given a GBX 13.06 ($0.18) dividend. This is a positive change from SKY’s previous dividend of $10.00. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a yield of 1.23%.

In related news, insider Tracy Jayne Clarke acquired 55 shares of the stock in a transaction on Tuesday, March 27th. The shares were acquired at an average price of GBX 1,310 ($18.52) per share, with a total value of £720.50 ($1,018.37). In the last ninety days, insiders acquired 213 shares of company stock worth $260,963.

TRADEMARK VIOLATION WARNING: This report was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/09/sky-plc-sky-receives-gbx-1148-33-average-price-target-from-brokerages.html.

SKY 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.

Analyst Recommendations for SKY (LON:SKY)

Receive News & Ratings for SKY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SKY and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply