BT Group plc (BT.A) Given New GBX 310 Price Target at Macquarie
BT Group plc (LON:BT.A) had its price target decreased by equities research analysts at Macquarie from GBX 360 ($4.70) to GBX 310 ($4.05) in a research note issued to investors on Monday. The brokerage currently has an “underperform” rating on the communications services company’s stock.
A number of other research firms also recently weighed in on BT.A. Deutsche Bank AG restated a “sell” rating and issued a GBX 390 ($5.09) price target on shares of BT Group plc in a research note on Tuesday, September 6th. Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of BT Group plc in a research note on Friday, September 2nd. JPMorgan Chase & Co. downgraded BT Group plc to a “neutral” rating and decreased their price target for the company from GBX 490 ($6.40) to GBX 440 ($5.74) in a research note on Friday, September 2nd. 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 Tuesday, October 4th. Finally, HSBC set a GBX 480 ($6.27) price target on BT Group plc and gave the company a “buy” rating in a research note on Monday, June 27th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. BT Group plc presently has a consensus rating of “Hold” and an average target price of GBX 473 ($6.17).
In other BT Group plc news, insider Wilcox,Alison sold 40,329 shares of the company’s stock in a transaction that occurred on 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 on Friday, August 12th. The shares were purchased at an average price of GBX 399 ($5.21) per share, for a total transaction of £1,320.69 ($1,723.91).
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/10/bt-group-plc-bt-a-given-new-gbx-310-price-target-at-macquarie.html
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.
Receive News & Ratings for BT Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BT Group plc and related companies with MarketBeat.com's FREE daily email newsletter.