BT Group plc (BT.A) Price Target Cut to GBX 345
BT Group plc (LON:BT.A) had its price objective lowered by equities researchers at Deutsche Bank AG from GBX 370 ($4.51) to GBX 345 ($4.20) in a research report issued to clients and investors on Wednesday. The firm currently has a “sell” rating on the communications services company’s stock.
BT.A has been the topic of a number of other reports. Goldman Sachs Group Inc. reissued a “conviction-buy” rating on shares of BT Group plc in a research report on Friday, September 2nd. Macquarie decreased their target price on BT Group plc from GBX 360 ($4.39) to GBX 310 ($3.78) and set an “underperform” rating on the stock in a research report on Monday, October 10th. JPMorgan Chase & Co. downgraded BT Group plc to a “neutral” rating and decreased their target price for the stock from GBX 490 ($5.97) to GBX 440 ($5.36) in a research report on Friday, September 2nd. Haitong Bank restated a “buy” rating and set a GBX 560 ($6.83) price target on shares of BT Group plc in a research note on Tuesday, October 4th. Finally, HSBC set a GBX 480 ($5.85) price target on shares of BT Group plc and gave the stock a “buy” rating in a research note on Monday, June 27th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 472.79 ($5.76).
In other BT Group plc news, insider Wilcox,Alison sold 40,329 shares of the business’s stock in a transaction dated 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 business’s stock in a transaction dated 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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