Several other brokerages also recently issued reports on BT.A. Goldman Sachs Group Inc. set a GBX 540 ($7.05) price target on BT Group plc and gave the company a buy rating in a report on Wednesday, June 29th. Credit Suisse Group AG downgraded BT Group plc to a neutral rating and lowered their target price for the company from GBX 510 ($6.66) to GBX 400 ($5.22) in a research note on Monday, June 27th. HSBC set a GBX 480 ($6.27) target price on BT Group plc and gave the company a buy rating in a research note on Monday, June 27th. Citigroup Inc. set a GBX 440 ($5.74) target price on BT Group plc and gave the company a buy rating in a research note on Monday, June 27th. Finally, Deutsche Bank AG restated a sell rating and set a GBX 410 ($5.35) target price on shares of BT Group plc in a research note on Friday, June 24th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 475.08 ($6.20).
In other BT Group plc news, insider Patterson,Gavin purchased 331 shares of the firm’s 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 BT Group plc stock in a transaction that occurred 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).
About BT Group plc
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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