BT Group (BT.A) Given Buy Rating at Numis Securities

BT Group (LON:BT.A)‘s stock had its “buy” rating restated by investment analysts at Numis Securities in a research report issued to clients and investors on Thursday. They currently have a GBX 400 ($5.42) target price on the communications services company’s stock. Numis Securities’ target price would suggest a potential upside of 52.15% from the company’s current price.

BT.A has been the subject of several other research reports. Credit Suisse Group downgraded shares of BT Group to a “neutral” rating and decreased their price objective for the stock from GBX 360 ($4.88) to GBX 310 ($4.20) in a research note on Monday, October 9th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 410 ($5.56) price objective on shares of BT Group in a research note on Wednesday, December 6th. Macquarie reissued an “outperform” rating on shares of BT Group in a research note on Wednesday, January 3rd. Barclays set a GBX 420 ($5.70) price objective on shares of BT Group and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, Jefferies Group decreased their price objective on shares of BT Group from GBX 280 ($3.80) to GBX 265 ($3.59) and set a “hold” rating for the company in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. BT Group presently has a consensus rating of “Hold” and a consensus target price of GBX 326.74 ($4.43).

Shares of BT Group (BT.A) traded up GBX 2.35 ($0.03) during trading hours on Thursday, hitting GBX 262.90 ($3.57). 20,190,000 shares of the company were exchanged, compared to its average volume of 15,900,000. BT Group has a 1 year low of GBX 242.20 ($3.28) and a 1 year high of GBX 349.20 ($4.74). The company has a market cap of $26,080.00 and a P/E ratio of 1,643.13.

In related news, insider Nicholas (Nick) Rose acquired 100,000 shares of the stock in a transaction dated Monday, November 6th. The stock was acquired at an average cost of GBX 251 ($3.40) per share, for a total transaction of £251,000 ($340,385.14). Also, insider Mike Inglis acquired 1,999 shares of the stock in a transaction dated Wednesday, November 8th. The shares were bought at an average price of GBX 248 ($3.36) per share, with a total value of £4,957.52 ($6,722.97).

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BT Group Company Profile

BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as managed networked information technology (IT) solutions and cyber security protection. Its segments include Consumer, which provides fixed-voice, broadband, TV and mobile services; EE, which is a mobile network operator in the United Kingdom and provides mobile and fixed communications services to consumers; Business and Public Sector, which provides communications and IT services to businesses and the public sector in the United Kingdom and the Republic of Ireland (RoI) ;Global Services, which provides managed networked IT services to corporate customers; Wholesale and Ventures, which provides fixed and mobile services to communications providers (CPs); and Openreach, which provides copper and fiber connections between its exchanges and homes and businesses.

Analyst Recommendations for BT Group (LON:BT.A)

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