BT Group plc (BT.A) Rating Reiterated by Deutsche Bank AG
BT Group plc (LON:BT.A)‘s stock had its “sell” rating restated by investment analysts at Deutsche Bank AG in a research note issued to investors on Monday.
Other equities research analysts have also issued reports about the stock. Societe Generale reaffirmed a “buy” rating and set a GBX 500 ($6.20) price target on shares of BT Group plc in a report on Tuesday, August 9th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of BT Group plc in a report on Wednesday, August 17th. BNP Paribas reissued a “neutral” rating and set a GBX 395 ($4.90) target price on shares of BT Group plc in a report on Friday, October 28th. Goldman Sachs Group Inc. reduced their target price on shares of BT Group plc from GBX 560 ($6.95) to GBX 540 ($6.70) and set a “conviction-buy” rating on the stock in a report on Friday, October 28th. Finally, Haitong Bank reduced their target price on shares of BT Group plc from GBX 600 ($7.44) to GBX 560 ($6.95) and set a “buy” rating on the stock in a report on Tuesday, August 2nd. 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 has a consensus rating of “Hold” and an average target price of GBX 468.21 ($5.81).
The company also recently announced a dividend, which will be paid on Monday, February 6th. Stockholders of record on Thursday, December 29th will be paid a GBX 4.85 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, December 29th. This represents a dividend yield of 1.28%.
In other news, insider Mike Inglis bought 1,400 shares of BT Group plc stock in a transaction dated Wednesday, November 9th. The stock was purchased at an average price of GBX 354 ($4.39) per share, for a total transaction of £4,956 ($6,148.12).
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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