BT Group plc (BT.A) Rating Reiterated by Haitong Bank
Haitong Bank reaffirmed their buy rating on shares of BT Group plc (LON:BT.A) in a research note published on Thursday morning. The firm currently has a GBX 560 ($7.31) price objective on the communications services company’s stock.
BT.A has been the subject of a number of other reports. Morgan Stanley cut 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 for the company in a report on Friday, June 3rd. Beaufort Securities reissued a buy rating on shares of BT Group plc in a report on Friday, July 29th. Goldman Sachs Group Inc. set a GBX 540 ($7.05) target price on shares of BT Group plc and gave the company a buy rating in a report on Wednesday, June 29th. Royal Bank Of Canada reissued an outperform rating and issued a GBX 550 ($7.18) target price on shares of BT Group plc in a report on Friday, July 29th. Finally, JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 490 ($6.40) target price on shares of BT Group plc in a report on Friday, July 29th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 474.67 ($6.20).
In related news, insider Wilcox,Alison sold 40,329 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of GBX 417 ($5.44), for a total transaction of £168,171.93 ($219,516.94). Also, insider Patterson,Gavin bought 331 shares of the stock in a transaction that occurred on Friday, August 12th. The shares were purchased at an average price of GBX 399 ($5.21) per share, with a total value of £1,320.69 ($1,723.91).
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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