Jefferies Group Lowers BT Group plc (BT.A) Price Target to GBX 385
BT Group plc (LON:BT.A) had its target price lowered by investment analysts at Jefferies Group from GBX 400 ($4.96) to GBX 385 ($4.78) in a note issued to investors on Monday. The firm currently has a “hold” rating on the communications services company’s stock.
A number of other equities research analysts have also recently issued reports on the stock. Deutsche Bank AG reiterated a “sell” rating on shares of BT Group plc in a research 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 research report on Wednesday, November 23rd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of BT Group plc in a research report on Tuesday, November 22nd. HSBC increased their target price on shares of BT Group plc from GBX 460 ($5.71) to GBX 470 ($5.83) and gave the stock a “buy” rating in a research report on Friday, November 11th. Finally, Societe Generale reiterated a “buy” rating and set a GBX 500 ($6.20) target price on shares of BT Group plc in a research report on Wednesday, November 2nd. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 468.21 ($5.81).
The company also recently disclosed a dividend, which will be paid on Monday, February 6th. Investors of record on Thursday, December 29th will be paid a dividend of GBX 4.85 ($0.06) per share. This represents a yield of 1.28%. The ex-dividend date of this dividend is Thursday, December 29th.
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In other news, insider Mike Inglis acquired 1,400 shares of BT Group plc stock in a transaction that occurred on Wednesday, November 9th. The shares were acquired at an average price of GBX 354 ($4.39) per share, with a total value 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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