BT Group (LON:BT.A)‘s stock had its “equal weight” rating reissued by analysts at Morgan Stanley in a research note issued on Wednesday. They presently have a GBX 290 ($4.01) price objective on the communications services company’s stock. Morgan Stanley’s target price would suggest a potential upside of 28.57% from the stock’s current price.
Several other analysts also recently issued reports on the stock. Deutsche Bank reissued a “sell” rating and set a GBX 265 ($3.66) target price on shares of BT Group in a research note on Wednesday, November 1st. Barclays set a GBX 420 ($5.80) target price on shares of BT Group and gave the company a “buy” rating in a research note on Wednesday, November 8th. Numis Securities reissued a “buy” rating and set a GBX 390 ($5.39) target price on shares of BT Group in a research note on Tuesday, October 24th. Beaufort Securities downgraded shares of BT Group to a “hold” rating and cut their target price for the company from GBX 340 ($4.70) to GBX 265 ($3.66) in a research note on Friday, November 3rd. Finally, Credit Suisse Group cut their target price on shares of BT Group from GBX 320 ($4.42) to GBX 280 ($3.87) and set a “neutral” rating on the stock in a research note on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. BT Group has an average rating of “Hold” and an average target price of GBX 325.95 ($4.50).
BT Group (LON:BT.A) traded down GBX 0.30 ($0.00) during midday trading on Wednesday, hitting GBX 225.55 ($3.12). The company’s stock had a trading volume of 31,260,000 shares, compared to its average volume of 21,350,000. The company has a market capitalization of $22,380.00 and a PE ratio of 1,326.76. BT Group has a 52 week low of GBX 225.15 ($3.11) and a 52 week high of GBX 349.20 ($4.82).
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.
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