A number of other brokerages have also issued reports on BT.A. Deutsche Bank AG reissued a sell rating and issued a GBX 410 ($5.35) price objective on shares of BT Group plc in a report on Thursday, June 2nd. Morgan Stanley decreased their price objective 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 report on Friday, June 3rd. Haitong Bank reissued a buy rating and issued a GBX 600 ($7.83) price objective on shares of BT Group plc in a report on Tuesday, June 7th. HSBC set a GBX 550 ($7.18) price objective on BT Group plc and gave the stock a buy rating in a report on Thursday, June 9th. Finally, Berenberg Bank decreased their price objective on BT Group plc from GBX 535 ($6.98) to GBX 506 ($6.60) and set a buy rating for the company in a report on Monday, June 13th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. BT Group plc presently has an average rating of Hold and a consensus price target of GBX 474.67 ($6.20).
In other news, insider Patterson,Gavin sold 66,704 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of GBX 413 ($5.39), for a total transaction of £275,487.52 ($359,597.34). Also, insider Wilcox,Alison sold 40,329 shares of the firm’s 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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