BT Group plc (BT.A) Rating Reiterated by Haitong Bank
BT Group plc (LON:BT.A)‘s stock had its “buy” rating restated by equities researchers at Haitong Bank in a research report issued to clients and investors on Friday. They presently have a GBX 560 ($6.93) price objective on the communications services company’s stock.
BT.A has been the subject of a number of other research reports. Deutsche Bank AG reiterated a “sell” rating and set a GBX 390 ($4.83) target price on shares of BT Group plc in a research report on Tuesday, September 6th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of BT Group plc in a research report on Friday, September 2nd. Macquarie cut their price objective on shares of BT Group plc from GBX 360 ($4.46) to GBX 310 ($3.84) and set an “underperform” rating for the company in a research report on Monday. JPMorgan Chase & Co. lowered shares of BT Group plc to a “neutral” rating and cut their price objective for the company from GBX 490 ($6.06) to GBX 440 ($5.45) in a research report on Friday, September 2nd. Finally, HSBC set a GBX 480 ($5.94) price objective on shares of BT Group plc and gave the company a “buy” rating in a research report on Monday, June 27th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 473 ($5.85).
In related news, insider Patterson,Gavin purchased 331 shares of the stock in a transaction dated Friday, August 12th. The stock was purchased at an average price of GBX 399 ($4.94) per share, with a total value of £1,320.69 ($1,634.52). Also, 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 ($5.16), for a total value of £168,171.93 ($208,133.58).
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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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