BT Group plc (BT.A) PT Lowered to GBX 310
BT Group plc (LON:BT.A) had its price objective lowered by equities research analysts at Macquarie from GBX 360 ($4.46) to GBX 310 ($3.84) in a research report issued on Monday. The firm currently has an “underperform” rating on the communications services company’s stock.
A number of other analysts have also weighed in on the company. Goldman Sachs Group Inc. set a GBX 560 ($6.93) price objective on BT Group plc and gave the stock a “buy” rating in a research report on Thursday, September 22nd. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 390 ($4.83) price objective on shares of BT Group plc in a research report on Tuesday, September 13th. Jefferies Group reaffirmed a “hold” rating and set a GBX 400 ($4.95) price objective on shares of BT Group plc in a research report on Monday, July 25th. Societe Generale set a GBX 500 ($6.19) price objective on BT Group plc and gave the stock a “buy” rating in a research report on Thursday, July 21st. Finally, JPMorgan Chase & Co. set a GBX 490 ($6.06) price objective on BT Group plc and gave the stock a “buy” rating in a research report on Friday, July 1st. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 473 ($5.85).
In other news, insider Wilcox,Alison sold 40,329 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of GBX 417 ($5.16), for a total value of £168,171.93 ($208,133.58). Also, insider Patterson,Gavin purchased 331 shares of the stock in a transaction dated Friday, August 12th. The stock was acquired at an average price of GBX 399 ($4.94) per share, for a total transaction of £1,320.69 ($1,634.52).
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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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