The Sky Plc (SKY) Earns Sell Rating from Berenberg Bank

The Sky Plc (SKY) Earns Sell Rating from Berenberg Bank

Sky Plc (LON:SKY)‘s stock had its “sell” rating reiterated by stock analysts at Berenberg Bank in a research report issued to clients and investors on Monday. They currently have a GBX 730 ($9.53) price objective on the stock. Berenberg Bank’s price objective points to a potential downside of 17.65% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Jefferies Group upped their price target on Sky Plc from GBX 895 ($11.68) to GBX 915 ($11.94) and gave the stock a “hold” rating in a report on Monday. Barclays PLC cut their price target on Sky Plc from GBX 1,100 ($14.36) to GBX 950 ($12.40) and set an “overweight” rating on the stock in a report on Monday, July 4th. Haitong Bank restated a “sell” rating and set a GBX 875 ($11.42) price target on shares of Sky Plc in a report on Tuesday, July 26th. Morgan Stanley upgraded Sky Plc to an “overweight” rating and cut their price target for the stock from GBX 1,025 ($13.38) to GBX 1,000 ($13.05) in a report on Monday, September 19th. Finally, Liberum Capital restated a “sell” rating and set a GBX 530 ($6.92) price target on shares of Sky Plc in a report on Thursday, July 14th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,053.59 ($13.75).

Shares of Sky Plc (LON:SKY) opened at 888.50 on Monday. The stock’s market capitalization is GBX 15.18 billion. The company has a 50-day moving average of GBX 863.85 and a 200 day moving average of GBX 911.47. Sky Plc has a 12-month low of GBX 560.00 and a 12-month high of GBX 1,134.00.

10/10/sky-plc-sky-earns-sell-rating-from-berenberg-bank-2.html

The firm also recently declared a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 6th will be issued a GBX 20.95 ($0.27) dividend. This is a boost from Sky Plc’s previous dividend of $12.55. This represents a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, October 6th.

In other Sky Plc news, insider Lewis,Dave purchased 312 shares of Sky Plc stock in a transaction dated Wednesday, July 27th. The stock was acquired at an average cost of GBX 888 ($11.59) per share, with a total value of £2,770.56 ($3,616.45). Also, insider Sukawaty,Andrew (Andy) purchased 114 shares of Sky Plc stock in a transaction dated Friday, August 26th. The stock was acquired at an average cost of GBX 870 ($11.36) per share, with a total value of £991.80 ($1,294.61).

Related posts

Leave a Comment