Haitong Bank reissued their buy rating on shares of BT Group plc (LON:BT.A) in a research note published on Tuesday. The firm currently has a GBX 560 ($7.31) price target on the communications services company’s stock.
A number of other analysts have also recently commented on BT.A. Deutsche Bank AG reaffirmed a sell rating and set a GBX 410 ($5.35) price target on shares of BT Group plc in a research report on Thursday, June 2nd. Morgan Stanley lowered their price target on BT Group plc from GBX 500 ($6.53) to GBX 480 ($6.27) and set an equal weight rating for the company in a research report on Friday, June 3rd. HSBC set a GBX 550 ($7.18) price target on BT Group plc and gave the stock a buy rating in a research report on Thursday, June 9th. Berenberg Bank lowered their price target on BT Group plc from GBX 535 ($6.98) to GBX 506 ($6.60) and set a buy rating for the company in a research report on Monday, June 13th. Finally, Societe Generale reiterated a buy rating and set a GBX 545 ($7.11) price objective on shares of BT Group plc in a research note on Monday, June 13th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. BT Group plc presently has a consensus rating of Hold and an average price target of GBX 474.67 ($6.20).
In related news, insider Patterson,Gavin acquired 331 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was bought 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 shares were 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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