BT Group plc (LON:BT.A) Earns Buy Rating from Analysts at Numis Securities Ltd
Numis Securities Ltd started coverage on shares of BT Group plc (LON:BT.A) in a report published on Thursday. The firm issued a buy rating and a GBX 390 ($5.09) target price on the communications services company’s stock.
A number of other research firms also recently commented on BT.A. HSBC Holdings plc decreased their price objective on shares of BT Group plc from GBX 420 ($5.48) to GBX 370 ($4.83) and set a buy rating for the company in a report on Friday, April 21st. Deutsche Bank AG reaffirmed a sell rating on shares of BT Group plc in a report on Monday, April 3rd. Morgan Stanley set a GBX 400 ($5.22) price objective on shares of BT Group plc and gave the stock a buy rating in a report on Monday, April 3rd. J P Morgan Chase & Co set a GBX 330 ($4.31) price objective on shares of BT Group plc and gave the stock a neutral rating in a report on Monday, April 3rd. Finally, Goldman Sachs Group, Inc. (The) set a GBX 360 ($4.70) price objective on shares of BT Group plc and gave the stock a neutral rating in a report on Monday, April 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. BT Group plc presently has an average rating of Hold and a consensus price target of GBX 356 ($4.65).
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In other news, insider Tony Ball bought 100,000 shares of the stock in a transaction that occurred on Thursday, June 22nd. The shares were purchased at an average cost of GBX 282 ($3.68) per share, with a total value of £282,000 ($368,242.36). Also, insider Sir Michael Rake bought 16,400 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were purchased at an average cost of GBX 306 ($4.00) per share, for a total transaction of £50,184 ($65,531.47). Over the last ninety days, insiders have purchased 127,529 shares of company stock worth $36,390,303.
BT Group plc Company Profile
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