Jefferies Group LLC Reiterates Hold Rating for BT Group plc (BT.A)
BT Group plc (LON:BT.A)‘s stock had its “hold” rating reaffirmed by Jefferies Group LLC in a note issued to investors on Wednesday. They presently have a GBX 280 ($3.62) price target on the communications services company’s stock.
Other equities research analysts have also issued research reports about the company. Berenberg Bank cut their target price on BT Group plc from GBX 343 ($4.43) to GBX 325 ($4.20) and set a “hold” rating on the stock in a research report on Monday, June 12th. UBS AG set a GBX 310 ($4.00) target price on BT Group plc and gave the stock a “neutral” rating in a research report on Friday, June 9th. Macquarie raised BT Group plc to an “outperform” rating and lifted their price target for the stock from GBX 270 ($3.49) to GBX 330 ($4.26) in a research report on Wednesday, June 28th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 290 ($3.75) price target on shares of BT Group plc in a research report on Wednesday, July 12th. Finally, Numis Securities Ltd assumed coverage on BT Group plc in a research report on Thursday, July 13th. They set a “buy” rating and a GBX 390 ($5.04) price target on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. BT Group plc currently has an average rating of “Hold” and a consensus price target of GBX 353 ($4.56).
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In other news, insider Sean Williams sold 18,945 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of GBX 313 ($4.04), for a total value of £59,297.85 ($76,582.53). Also, insider Isabel Hudson acquired 3,367 shares of BT Group plc stock in a transaction dated Friday, August 11th. The stock was bought at an average price of GBX 295 ($3.81) per share, for a total transaction of £9,932.65 ($12,827.91). Insiders bought 113,903 shares of company stock worth $32,185,489 over the last 90 days.
BT Group plc Company Profile
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