BT Group plc (BT.A) Given Underperform Rating at BNP Paribas
BT Group plc (LON:BT.A)‘s stock had its “underperform” rating restated by investment analysts at BNP Paribas in a note issued to investors on Thursday. They presently have a GBX 240 ($3.10) target price on the communications services company’s stock.
Other equities research analysts also recently issued reports about the company. Barclays PLC set a GBX 450 ($5.81) price objective on BT Group plc and gave the stock a “buy” rating in a report on Saturday, May 20th. Royal Bank Of Canada set a GBX 410 ($5.30) price objective on BT Group plc and gave the stock a “buy” rating in a report on Saturday, May 20th. Sanford C. Bernstein set a GBX 350 ($4.52) price objective on BT Group plc and gave the stock a “buy” rating in a report on Friday, June 9th. Numis Securities Ltd initiated coverage on BT Group plc in a report on Thursday, July 13th. They issued a “buy” rating and a GBX 390 ($5.04) price objective for the company. Finally, Citigroup Inc. reiterated a “buy” rating and issued a GBX 360 ($4.65) price objective on shares of BT Group plc in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 353 ($4.56).
In other BT Group plc news, insider Tony Ball bought 100,000 shares of BT Group plc stock in a transaction that occurred on Thursday, June 22nd. The shares were bought at an average cost of GBX 282 ($3.64) per share, with a total value of £282,000 ($364,199.92). Also, insider Simon Lowth bought 10,536 shares of BT Group plc stock in a transaction that occurred on Wednesday, June 21st. The shares were acquired at an average cost of GBX 284 ($3.67) per share, for a total transaction of £29,922.24 ($38,644.25). Insiders have purchased a total of 113,903 shares of company stock worth $32,185,489 over the last ninety days.
About BT Group plc
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