BT Group plc (LON:BT.A) received a GBX 560 ($7.31) price target from analysts at Goldman Sachs Group Inc. in a research report issued on Wednesday. The firm currently has a a “buy” rating on the communications services company’s stock.
BT.A has been the subject of several other research reports. Morgan Stanley reduced their target price on shares of BT Group plc from GBX 500 ($6.53) to GBX 480 ($6.27) and set an “equal weight” rating for the company in a report on Friday, June 3rd. Beaufort Securities reaffirmed a “buy” rating on shares of BT Group plc in a report on Friday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 550 ($7.18) target price on shares of BT Group plc in a report on Friday, July 29th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 490 ($6.40) target price on shares of BT Group plc in a report on Friday, July 29th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a GBX 550 ($7.18) target price on shares of BT Group plc in a report on Wednesday, August 31st. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. BT Group plc currently has a consensus rating of “Hold” and an average target price of GBX 474.67 ($6.20).
In other BT Group plc news, insider Patterson,Gavin acquired 331 shares of the stock in a transaction on Friday, August 12th. The shares were purchased at an average price of GBX 399 ($5.21) per share, for a total transaction of £1,320.69 ($1,723.91). Also, insider Wilcox,Alison sold 40,329 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of GBX 417 ($5.44), for a total transaction of £168,171.93 ($219,516.94).
BT Group plc Company Profile
BT Group plc is a communications services company. The Company’s activities are the provision of fixed-line services, broadband, mobile and television products and services, as well as managed networked information technology (IT) services in both the United Kingdom and across the globe. The Company operates in five segments: BT Global Services, BT Business, BT Consumer, BT Wholesale and Openreach.
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