BT Group plc (BT.A) Receives Conviction-Buy Rating from Goldman Sachs Group Inc.
BT Group plc (LON:BT.A)‘s stock had its “conviction-buy” rating reissued by equities research analysts at Goldman Sachs Group Inc. in a report released on Wednesday. They presently have a GBX 540 ($6.70) target price on the communications services company’s stock.
Several other analysts have also recently commented on the stock. BNP Paribas reiterated a “neutral” rating and issued a GBX 395 ($4.90) price objective on shares of BT Group plc in a research note on Tuesday. Jefferies Group reduced their price objective on shares of BT Group plc from GBX 400 ($4.96) to GBX 385 ($4.78) and set a “hold” rating for the company in a research note on Monday. Deutsche Bank AG restated a “sell” rating on shares of BT Group plc in a report on Monday. Macquarie dropped their target price on shares of BT Group plc from GBX 310 ($3.85) to GBX 300 ($3.72) and set an “underperform” rating for the company in a report on Wednesday, November 23rd. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of BT Group plc in a report on Tuesday, November 22nd. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 468.21 ($5.81).
The business also recently declared a dividend, which will be paid on Monday, February 6th. Investors of record on Thursday, December 29th will be issued a GBX 4.85 ($0.06) dividend. The ex-dividend date is Thursday, December 29th. This represents a yield of 1.28%.
In related news, insider Mike Inglis purchased 1,400 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The shares were purchased at an average cost of GBX 354 ($4.39) per share, with a total value of £4,956 ($6,148.12).
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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