BT Group plc (LON:BT.A)‘s stock had its “hold” rating restated by stock analysts at Jefferies Group in a report released on Monday. They currently have a GBX 400 ($5.22) price objective on the communications services company’s stock.
Several other brokerages also recently weighed in on BT.A. Haitong Bank reaffirmed a “buy” rating and set a GBX 600 ($7.83) target price on shares of BT Group plc in a research note on Tuesday, July 26th. HSBC reissued a “buy” rating and issued a GBX 480 ($6.27) price objective on shares of BT Group plc in a research note on Friday, August 5th. S&P Global Inc. set a GBX 475 ($6.20) price objective on BT Group plc and gave the company a “neutral” rating in a research note on Thursday, July 28th. Deutsche Bank AG reissued a “sell” rating and issued a GBX 410 ($5.35) price objective on shares of BT Group plc in a research note on Friday, June 24th. Finally, Societe Generale set a GBX 500 ($6.53) price objective on BT Group plc and gave the company a “buy” rating in a research note on Thursday, July 21st. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. BT Group plc has a consensus rating of “Hold” and an average price target of GBX 474.67 ($6.20).
In other BT Group plc news, insider Wilcox,Alison sold 40,329 shares of BT Group plc stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of GBX 417 ($5.44), for a total transaction of £168,171.93 ($219,516.94). Also, insider Patterson,Gavin purchased 331 shares of the business’s stock in a transaction on Friday, August 12th. The shares were purchased at an average cost of GBX 399 ($5.21) per share, for a total transaction of £1,320.69 ($1,723.91).
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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