BT Group – CLASS A (BT.A) PT Lowered to GBX 280 at HSBC

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BT Group – CLASS A (LON:BT.A) had its price objective lowered by HSBC from GBX 285 ($3.72) to GBX 280 ($3.66) in a research note issued to investors on Monday. The firm presently has a “buy” rating on the communications services company’s stock. HSBC’s price target would suggest a potential upside of 21.63% from the stock’s current price.

Several other brokerages also recently commented on BT.A. Barclays restated an “equal weight” rating on shares of BT Group – CLASS A in a report on Tuesday, December 4th. Goldman Sachs Group upgraded shares of BT Group – CLASS A to a “buy” rating and lifted their price objective for the company from GBX 240 ($3.14) to GBX 320 ($4.18) in a report on Tuesday, December 4th. JPMorgan Chase & Co. lifted their price objective on shares of BT Group – CLASS A from GBX 260 ($3.40) to GBX 290 ($3.79) and gave the company a “neutral” rating in a report on Thursday, November 1st. UBS Group reiterated a “neutral” rating on shares of BT Group – CLASS A in a report on Tuesday, November 6th. Finally, Sanford C. Bernstein lifted their price objective on shares of BT Group – CLASS A from GBX 225 ($2.94) to GBX 255 ($3.33) and gave the company a “market perform” rating in a report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. BT Group – CLASS A has an average rating of “Hold” and an average target price of GBX 270.77 ($3.54).

Shares of BT.A stock opened at GBX 230.20 ($3.01) on Monday. BT Group – CLASS A has a 52 week low of GBX 224.20 ($2.93) and a 52 week high of GBX 337.05 ($4.40).

In other BT Group – CLASS A news, insider Matthew Key acquired 31,000 shares of the stock in a transaction dated Monday, December 10th. The shares were bought at an average cost of GBX 252 ($3.29) per share, for a total transaction of £78,120 ($102,077.62).

About BT Group – CLASS A

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

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