BT Group plc (BT.A) Stock Rating Reaffirmed by Deutsche Bank AG
Deutsche Bank AG reissued their sell rating on shares of BT Group plc (LON:BT.A) in a research report sent to investors on Tuesday morning. They currently have a GBX 390 ($5.19) target price on the communications services company’s stock.
A number of other equities research analysts also recently weighed in on BT.A. Morgan Stanley reduced their target price on BT Group plc from GBX 500 ($6.66) to GBX 480 ($6.39) and set an equal weight rating on the stock in a report on Friday, June 3rd. JPMorgan Chase & Co. reduced their target price on BT Group plc from GBX 530 ($7.06) to GBX 490 ($6.53) and set an overweight rating on the stock 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 reaffirmed a buy rating and issued a GBX 545 ($7.26) target price on shares of BT Group plc in a report on Monday, June 13th. Finally, Haitong Bank reaffirmed a buy rating and issued a GBX 560 ($7.46) target price on shares of BT Group plc in a report 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 issued a strong buy rating to the company’s stock. BT Group plc has an average rating of Hold and an average price target of GBX 475.50 ($6.33).
In other 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 ($5.55), for a total value of £168,171.93 ($223,990.32). Also, insider Patterson,Gavin sold 66,704 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of GBX 413 ($5.50), for a total value of £275,487.52 ($366,925.31).
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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