BT Group plc (BT.A) PT Set at GBX 560 by Goldman Sachs Group Inc.
BT Group plc (LON:BT.A) has been assigned a GBX 560 ($7.31) price objective by Goldman Sachs Group Inc. in a research note issued to investors on Thursday. The brokerage currently has a a “buy” rating on the communications services company’s stock.
A number of other analysts also recently weighed in on BT.A. Morgan Stanley decreased their price target on BT Group plc from GBX 500 ($6.53) to GBX 480 ($6.27) and set an “equal weight” rating on the stock in a research note on Friday, June 3rd. JPMorgan Chase & Co. decreased their price target on BT Group plc from GBX 530 ($6.92) to GBX 490 ($6.40) and set an “overweight” rating on the stock 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. Societe Generale restated a “buy” rating and issued a GBX 545 ($7.11) price target on shares of BT Group plc in a research note on Monday, June 13th. Finally, Haitong Bank restated a “buy” rating and issued a GBX 560 ($7.31) price target on shares of BT Group plc in a research note on Friday, September 2nd. 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. The company presently has an average rating of “Hold” and an average price target of GBX 474.67 ($6.20).
In other news, insider Patterson,Gavin sold 66,704 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of GBX 413 ($5.39), for a total value of £275,487.52 ($359,597.34). Also, insider Wilcox,Alison sold 40,329 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of GBX 417 ($5.44), for a total value of £168,171.93 ($219,516.94).
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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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