BT Group plc’s (BT.A) “Neutral” Rating Reaffirmed at BNP Paribas
BNP Paribas reaffirmed their neutral rating on shares of BT Group plc (LON:BT.A) in a research report report published on Thursday. BNP Paribas currently has a GBX 395 ($5.16) price objective on the communications services company’s stock.
Several other research analysts also recently commented on BT.A. HSBC set a GBX 550 ($7.18) target price on BT Group plc and gave the stock a buy rating in a report on Thursday, June 9th. Berenberg Bank reduced their target price on BT Group plc from GBX 535 ($6.98) to GBX 506 ($6.60) and set a buy rating on the stock in a report on Monday, June 13th. Societe Generale reissued a buy rating and issued a GBX 545 ($7.11) target price on shares of BT Group plc in a report on Monday, June 13th. Goldman Sachs Group Inc. reissued a conviction-buy rating on shares of BT Group plc in a report on Thursday, June 16th. Finally, Haitong Bank reissued a buy rating and issued a GBX 600 ($7.83) target price on shares of BT Group plc in a report on Friday, June 17th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. BT Group plc presently has an average rating of Hold and an average target price of GBX 475.08 ($6.20).
In related news, insider Wilcox,Alison sold 40,329 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of GBX 417 ($5.44), for a total value of £168,171.93 ($219,516.94). Also, insider Patterson,Gavin sold 66,704 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of GBX 413 ($5.39), for a total transaction 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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