Haitong Bank reaffirmed their buy rating on shares of BT Group plc (LON:BT.A) in a research note issued to investors on Tuesday. Haitong Bank currently has a GBX 560 ($7.31) target price on the communications services company’s stock.
A number of other brokerages have also recently commented on BT.A. Jefferies Group reaffirmed a hold rating and set a GBX 400 ($5.22) price target on shares of BT Group plc in a research report on Monday, July 25th. HSBC reaffirmed a buy rating and set a GBX 480 ($6.27) price target on shares of BT Group plc in a research report on Friday, August 5th. S&P Global Inc. set a GBX 475 ($6.20) price target on BT Group plc and gave the stock a neutral rating in a research report on Thursday, July 28th. Deutsche Bank AG reaffirmed a sell rating and set a GBX 410 ($5.35) price target on shares of BT Group plc in a research report on Friday, June 24th. Finally, Societe Generale set a GBX 500 ($6.53) price target on BT Group plc and gave the stock a buy rating in a research report on Thursday, July 21st. Five analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of GBX 475.08 ($6.20).
In other news, insider Wilcox,Alison sold 40,329 shares of the company’s stock in a transaction 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 sold 66,704 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of GBX 413 ($5.39), for a total value of £275,487.52 ($359,597.34).
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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