Trading Report: Today, Sky Plc (SKY) Stock Rating Upgraded by Numis Securities Ltd

Today, Sky Plc (SKY) Stock Rating Upgraded by Numis Securities Ltd

Sky Plc (LON:SKY) was upgraded by equities researchers at Numis Securities Ltd to a “buy” rating in a note issued to investors on Thursday. The brokerage currently has a GBX 1,250 ($15.47) target price on the stock. Numis Securities Ltd’s target price suggests a potential upside of 47.20% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Citigroup Inc. reaffirmed a “buy” rating on shares of Sky Plc in a research note on Wednesday, July 20th. Shore Capital reaffirmed a “buy” rating on shares of Sky Plc in a research note on Wednesday, July 13th. Societe Generale dropped their price objective on shares of Sky Plc from GBX 1,350 ($16.71) to GBX 1,320 ($16.34) and set a “buy” rating for the company in a research note on Friday, July 8th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 1,425 ($17.64) price target on shares of Sky Plc in a research note on Thursday, July 21st. Finally, Beaufort Securities reissued a “buy” rating on shares of Sky Plc in a research note on Friday, July 29th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the stock. Sky Plc currently has an average rating of “Hold” and an average target price of GBX 969.52 ($12.00).

Sky Plc (LON:SKY) opened at 839.00 on Thursday. The company has a 50-day moving average of GBX 865.26 and a 200-day moving average of GBX 906.84. Sky Plc has a 52 week low of GBX 560.00 and a 52 week high of GBX 1,134.00. The company’s market cap is GBX 14.33 billion.

The company also recently disclosed a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 6th will be issued a GBX 20.95 ($0.26) dividend. This represents a dividend yield of 2.32%. This is a positive change from Sky Plc’s previous dividend of $12.55. The ex-dividend date is Thursday, October 6th.

In related news, insider Darroch,Jeremy purchased 61,793 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were purchased at an average cost of GBX 864 ($10.69) per share, for a total transaction of £533,891.52 ($660,756.83). Also, insider Sukawaty,Andrew (Andy) purchased 114 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The shares were bought at an average price of GBX 870 ($10.77) per share, for a total transaction of £991.80 ($1,227.48).

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