Goldman Sachs Increases BT Group plc Price Target to GBX 610 (BT.A)
Equities research analysts at Goldman Sachs raised their target price on shares of BT Group plc (LON:BT.A) from GBX 520 ($8.75) to GBX 610 ($10.27) in a research note issued to investors on Wednesday. The firm currently has a “conviction-buy” rating on the stock.
BT.A has been the subject of a number of other recent research reports. Analysts at Berenberg Bank reiterated a “buy” rating on shares of BT Group plc in a research note on Tuesday. They now have a GBX 460 ($7.74) price target on the stock. Separately, analysts at Barclays raised their price target on shares of BT Group plc from GBX 410 ($6.90) to GBX 450 ($7.57) in a research note on Monday, May 12th. They now have an “overweight” rating on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of BT Group plc in a research note on Friday, May 9th. They now have a GBX 500 ($8.42) price target on the stock. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of GBX 408.25 ($6.87).
The company also recently declared a dividend, which is scheduled for Monday, September 8th. Shareholders of record on Wednesday, August 13th will be given a dividend of GBX 7.50 ($0.13) per share. This represents a yield of 1.94%. The ex-dividend date of this dividend is Wednesday, August 13th.
BT Group plc is a communications services companies, serving the needs of customers in the United Kingdom and in more than 170 countries globally.
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