BT Group plc (LON:BT.A)‘s stock had its “buy” rating reaffirmed by analysts at Haitong Bank in a report issued on Tuesday. They presently have a GBX 560 ($7.31) price target on the communications services company’s stock.
A number of other analysts have also recently weighed in on BT.A. HSBC set a GBX 550 ($7.18) target price on shares of BT Group plc and gave the company a “buy” rating in a research note on Thursday, June 9th. Berenberg Bank lowered their target price on shares of BT Group plc from GBX 535 ($6.98) to GBX 506 ($6.60) and set a “buy” rating on the stock in a research note on Monday, June 13th. Societe Generale reissued a “buy” rating and issued a GBX 545 ($7.11) target price on shares of BT Group plc in a research note on Monday, June 13th. Goldman Sachs Group Inc. reissued a “conviction-buy” rating on shares of BT Group plc in a research note on Thursday, June 16th. Finally, Jefferies Group lowered their target price on shares of BT Group plc from GBX 475 ($6.20) to GBX 400 ($5.22) and set a “hold” rating on the stock in a research note on Tuesday, June 21st. Five 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 stock. The company has an average rating of “Hold” and a consensus price target of GBX 474.67 ($6.20).
In other BT Group plc news, insider Patterson,Gavin bought 331 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The stock was acquired at an average price 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 the firm’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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