BT Group plc (LON:BT.A) had its price target decreased by Macquarie from GBX 360 ($4.46) to GBX 310 ($3.84) in a research note released on Monday. Macquarie currently has an underperform rating on the communications services company’s stock.
A number of other brokerages also recently issued reports on BT.A. JPMorgan Chase & Co. set a GBX 490 ($6.06) price objective on BT Group plc and gave the company a buy rating in a research note on Friday, July 1st. Goldman Sachs Group Inc. set a GBX 540 ($6.68) price objective on BT Group plc and gave the company a buy rating in a research note on Wednesday, June 29th. Credit Suisse Group AG downgraded BT Group plc to a neutral rating and dropped their price objective for the company from GBX 510 ($6.31) to GBX 400 ($4.95) in a research note on Monday, June 27th. HSBC set a GBX 480 ($5.94) price objective on BT Group plc and gave the company a buy rating in a research note on Monday, June 27th. Finally, Citigroup Inc. set a GBX 440 ($5.45) price objective on 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 issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 473 ($5.85).
In other BT Group plc news, insider Wilcox,Alison sold 40,329 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of GBX 417 ($5.16), for a total transaction of £168,171.93 ($208,133.58). Also, insider Patterson,Gavin purchased 331 shares of the stock in a transaction on Friday, August 12th. The shares were purchased at an average price of GBX 399 ($4.94) per share, for a total transaction of £1,320.69 ($1,634.52).
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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