BT Group plc (BT.A) Earns “Buy” Rating from Citigroup Inc.
BT Group plc (LON:BT.A)‘s stock had its “buy” rating reaffirmed by equities research analysts at Citigroup Inc. in a research note issued on Wednesday. They presently have a GBX 460 ($5.61) price target on the communications services company’s stock.
A number of other research firms have also issued reports on BT.A. Goldman Sachs Group Inc. set a GBX 560 ($6.83) price target on BT Group plc and gave the stock a “buy” rating in a report on Tuesday. Haitong Bank reissued a “buy” rating and set a GBX 600 ($7.31) price target on shares of BT Group plc in a report on Thursday, July 14th. Societe Generale reissued a “buy” rating and set a GBX 500 ($6.09) price target on shares of BT Group plc in a report on Tuesday, August 9th. S&P Global Inc. set a GBX 475 ($5.79) price target on BT Group plc and gave the stock a “neutral” rating in a report on Thursday, July 28th. Finally, JPMorgan Chase & Co. set a GBX 490 ($5.97) price target on BT Group plc and gave the stock a “buy” rating in a report on Friday, July 1st. Five analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 473.83 ($5.77).
In related news, insider Wilcox,Alison sold 40,329 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of GBX 417 ($5.08), for a total transaction of £168,171.93 ($204,962.74). Also, insider Patterson,Gavin sold 66,704 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of GBX 413 ($5.03), for a total transaction of £275,487.52 ($335,755.66).
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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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