BT Group plc (BT.A) Rating Reiterated by Jefferies Group
Jefferies Group reaffirmed their hold rating on shares of BT Group plc (LON:BT.A) in a research note released on Monday. They currently have a GBX 400 ($5.22) price target on the communications services company’s stock.
A number of other research analysts have also recently commented on BT.A. JPMorgan Chase & Co. decreased their price target on BT Group plc from GBX 530 ($6.92) to GBX 490 ($6.40) and set an overweight rating on the stock in a research note on Thursday, June 30th. Beaufort Securities restated a buy rating on shares of BT Group plc in a research note on Friday, July 29th. Societe Generale restated a buy rating and set a GBX 545 ($7.11) price target on shares of BT Group plc in a research note on Monday, June 13th. Haitong Bank restated a buy rating and set a GBX 560 ($7.31) price target on shares of BT Group plc in a research note on Friday, September 2nd. Finally, Credit Suisse Group AG lowered BT Group plc to a neutral rating and cut their price objective for the stock from GBX 510 ($6.66) to GBX 400 ($5.22) in a research report on Monday, June 27th. Five research 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. The stock has a consensus rating of Hold and an average price target of GBX 475.08 ($6.20).
In other news, insider Wilcox,Alison sold 40,329 shares of BT Group plc stock in a transaction that occurred on Monday, August 1st. The shares were 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 BT Group plc stock in a transaction dated Friday, August 12th. The shares were bought at an average price of GBX 399 ($5.21) per share, with a total value of £1,320.69 ($1,723.91).
About BT Group plc
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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