BT Group plc’s (BT.A) Buy Rating Reaffirmed at Haitong Bank
BT Group plc (LON:BT.A)‘s stock had its “buy” rating restated by Haitong Bank in a research note issued to investors on Tuesday. They currently have a GBX 560 ($7.31) target price on the communications services company’s stock.
A number of other equities analysts also recently commented on the company. Jefferies Group restated a “hold” rating and issued a GBX 400 ($5.22) price objective on shares of BT Group plc in a report on Monday, October 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of BT Group plc in a report on Monday, October 3rd. Goldman Sachs Group Inc. set a GBX 560 ($7.31) price target on BT Group plc and gave the company a “buy” rating in a report on Wednesday, September 28th. Deutsche Bank AG reiterated a “sell” rating and set a GBX 370 ($4.83) price target on shares of BT Group plc in a report on Tuesday, September 20th. Finally, BNP Paribas lowered their price target on BT Group plc from GBX 395 ($5.16) to GBX 385 ($5.03) and set a “neutral” rating on the stock in a report on Thursday, September 15th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. BT Group plc has a consensus rating of “Hold” and an average target price of GBX 475.08 ($6.20).
In other news, insider Wilcox,Alison sold 40,329 shares of BT Group plc stock in a transaction dated Monday, August 1st. The stock was sold at an average price of GBX 417 ($5.44), for a total transaction of £168,171.93 ($219,516.94). Also, insider Patterson,Gavin acquired 331 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were acquired at an average price of GBX 399 ($5.21) per share, for a total transaction of £1,320.69 ($1,723.91).
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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.
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