Trade Report: Today, Macquarie Reaffirms Outperform Rating for Sky Plc (SKY)

Today, Macquarie Reaffirms Outperform Rating for Sky Plc (SKY)

Macquarie restated their outperform rating on shares of Sky Plc (LON:SKY) in a report issued on Wednesday. They currently have a GBX 1,400 ($17.33) target price on the stock.

Several other brokerages have also recently weighed in on SKY. Royal Bank Of Canada reaffirmed an outperform rating and set a GBX 1,100 ($13.61) price objective on shares of Sky Plc in a research note on Friday, July 29th. Citigroup Inc. reaffirmed a buy rating on shares of Sky Plc in a research note on Wednesday, July 20th. Haitong Bank raised shares of Sky Plc to a neutral rating and set a GBX 875 ($10.83) price objective on the stock in a research note on Thursday, August 4th. Liberum Capital reaffirmed a sell rating and set a GBX 530 ($6.56) price objective on shares of Sky Plc in a research note on Thursday, July 14th. Finally, Goldman Sachs Group Inc. reaffirmed a buy rating on shares of Sky Plc in a research note on Tuesday, September 27th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 969.52 ($12.00).

Sky Plc (LON:SKY) opened at 836.50 on Wednesday. Sky Plc has a 52-week low of GBX 560.00 and a 52-week high of GBX 1,134.00. The firm has a 50-day moving average of GBX 865.26 and a 200 day moving average of GBX 906.84. The firm’s market cap is GBX 14.29 billion.

The firm also recently announced a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 6th will be given a GBX 20.95 ($0.26) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 2.32%. This is an increase from Sky Plc’s previous dividend of $12.55.

In other Sky Plc news, insider Darroch,Jeremy bought 61,793 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The stock was acquired at an average price of GBX 864 ($10.69) per share, with a total value of £533,891.52 ($660,756.83). Also, insider Lewis,Dave bought 312 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The stock was acquired at an average cost of GBX 888 ($10.99) per share, with a total value of £2,770.56 ($3,428.91).

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