BT Group plc (BT.A) Rating Reiterated by Haitong Bank
Haitong Bank reissued their buy rating on shares of BT Group plc (LON:BT.A) in a research report sent to investors on Thursday. Haitong Bank currently has a GBX 560 ($7.31) price target on the communications services company’s stock.
Several other equities analysts have also recently issued reports on BT.A. Morgan Stanley reduced their price objective on 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. JPMorgan Chase & Co. reduced their price objective on BT Group plc from GBX 530 ($6.92) to GBX 490 ($6.40) and set an overweight rating for the company in a report on Thursday, June 30th. Beaufort Securities reaffirmed a buy rating on shares of BT Group plc in a report on Friday, July 29th. Societe Generale reissued a buy rating and issued a GBX 545 ($7.11) price target on shares of BT Group plc in a report on Monday, June 13th. Finally, Deutsche Bank AG reissued a sell rating and issued a GBX 410 ($5.35) price target on shares of BT Group plc in a report on Friday, May 27th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. BT Group plc presently has a consensus rating of Hold and a consensus price target of GBX 474.67 ($6.20).
In other news, insider Wilcox,Alison sold 40,329 shares of the stock in a transaction that occurred on 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 purchased 331 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were bought at an average price of GBX 399 ($5.21) per share, for a total transaction 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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