BNP Paribas Trims BT Group plc (BT.A) Target Price to GBX 385
BT Group plc (LON:BT.A) had its price target trimmed by BNP Paribas from GBX 395 ($5.16) to GBX 385 ($5.03) in a research note issued to investors on Thursday. They currently have a neutral rating on the communications services company’s stock.
Several other equities research analysts have also recently issued reports on BT.A. Morgan Stanley dropped their target price on shares of BT Group plc from GBX 500 ($6.53) to GBX 480 ($6.27) and set an equal weight rating on the stock in a report on Friday, June 3rd. JPMorgan Chase & Co. dropped their price target on shares of BT Group plc from GBX 530 ($6.92) to GBX 490 ($6.40) and set an overweight rating on the stock in a research note on Thursday, June 30th. Beaufort Securities reiterated a buy rating on shares of BT Group plc in a research note on Friday, July 29th. Societe Generale reiterated a buy rating and set a GBX 545 ($7.11) price target on shares of BT Group plc in a research note on Monday, June 13th. Finally, Haitong Bank reiterated a buy rating and set a GBX 560 ($7.31) price target on shares of BT Group plc in a research note on Friday, September 2nd. Five 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 company. The stock has an average rating of Hold and a consensus price target of GBX 474.67 ($6.20).
In other news, insider Patterson,Gavin sold 66,704 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of GBX 413 ($5.39), for a total value of £275,487.52 ($359,597.34). Also, insider Wilcox,Alison sold 40,329 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of GBX 417 ($5.44), for a total transaction of £168,171.93 ($219,516.94).
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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