BT Group plc (LON:BT.A) Price Target Cut to GBX 290
BT Group plc (LON:BT.A) had its price objective dropped by analysts at J P Morgan Chase & Co from GBX 330 ($4.27) to GBX 290 ($3.76) in a research note issued on Wednesday. The firm presently has a “neutral” rating on the communications services company’s stock.
BT.A has been the subject of a number of other research reports. Credit Suisse Group lowered their price objective on BT Group plc from GBX 340 ($4.40) to GBX 320 ($4.15) and set a “neutral” rating for the company in a research report on Wednesday, May 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 465 ($6.02) price objective on shares of BT Group plc in a research report on Tuesday, March 7th. Morgan Stanley set a GBX 400 ($5.18) price objective on BT Group plc and gave the company a “buy” rating in a research report on Thursday, May 4th. Citigroup Inc. reaffirmed a “buy” rating on shares of BT Group plc in a research report on Monday, May 15th. Finally, HSBC Holdings plc lowered their price objective on BT Group plc from GBX 420 ($5.44) to GBX 370 ($4.79) and set a “buy” rating for the company in a research report on Friday, April 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 357.22 ($4.63).
In related news, insider Tony Ball acquired 100,000 shares of BT Group plc stock in a transaction on Thursday, June 22nd. The shares were bought at an average price of GBX 282 ($3.65) per share, for a total transaction of £282,000 ($365,284.97). Also, insider Sir Michael Rake bought 593 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were acquired at an average cost of GBX 303 ($3.92) per share, for a total transaction of £1,796.79 ($2,327.45). In the last 90 days, insiders have acquired 127,529 shares of company stock worth $36,390,303.
BT Group plc Company Profile
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