BT Group plc (LON:BT.A)‘s stock had its “buy” rating reaffirmed by analysts at Haitong Bank in a note issued to investors on Friday. They presently have a GBX 560 ($6.83) price objective on the communications services company’s stock.
Several other equities analysts have also weighed in on BT.A. JPMorgan Chase & Co. cut their price target on BT Group plc from GBX 530 ($6.46) to GBX 490 ($5.97) and set an “overweight” rating for the company in a research note on Thursday, June 30th. Beaufort Securities restated a “buy” rating on shares of BT Group plc in a research note on Friday, July 29th. Credit Suisse Group AG lowered BT Group plc to a “neutral” rating and cut their price objective for the stock from GBX 510 ($6.22) to GBX 400 ($4.88) in a research note on Monday, June 27th. Deutsche Bank AG reiterated a “sell” rating and set a GBX 410 ($5.00) price objective on shares of BT Group plc in a research note on Wednesday, July 27th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 550 ($6.70) price objective on shares of BT Group plc in a research note on Friday, July 29th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 473 ($5.76).
In other news, insider Wilcox,Alison sold 40,329 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of GBX 417 ($5.08), for a total transaction of £168,171.93 ($204,962.74). Also, insider Patterson,Gavin bought 331 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were acquired at an average price of GBX 399 ($4.86) per share, with a total value of £1,320.69 ($1,609.62).
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.
Receive News & Ratings for BT Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BT Group plc and related companies with MarketBeat.com's FREE daily email newsletter.