BT Group plc (LON:BT.A)‘s stock had its “neutral” rating reissued by research analysts at BNP Paribas in a research note issued to investors on Thursday. They currently have a GBX 395 ($5.16) target price on the communications services company’s stock.
Other equities research analysts also recently issued reports about the stock. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 390 ($5.09) target price on shares of BT Group plc in a research note on Tuesday, September 6th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of BT Group plc in a research note on Friday, September 2nd. JPMorgan Chase & Co. downgraded shares of BT Group plc to a “neutral” rating and cut their target price for the company from GBX 490 ($6.40) to GBX 440 ($5.74) in a research note on Friday, September 2nd. Haitong Bank reiterated a “buy” rating and issued a GBX 560 ($7.31) target price on shares of BT Group plc in a research note on Thursday, September 15th. Finally, HSBC set a GBX 480 ($6.27) target price on shares of BT Group plc and gave the company a “buy” rating in a research note on Monday, June 27th. Five 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. The company has a consensus rating of “Hold” and an average target price of GBX 475.08 ($6.20).
In other news, insider Patterson,Gavin acquired 331 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were acquired at an average cost of GBX 399 ($5.21) per share, with a total value 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 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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