BT Group plc (BT.A) Stock Rating Reaffirmed by Deutsche Bank AG
Deutsche Bank AG reaffirmed their sell rating on shares of BT Group plc (LON:BT.A) in a research note released on Tuesday morning. The brokerage currently has a GBX 390 ($5.19) price target on the communications services company’s stock.
Several other brokerages have also weighed in on BT.A. Citigroup Inc. set a GBX 440 ($5.86) price objective on BT Group plc and gave the stock a buy rating in a report on Monday, June 27th. Barclays PLC reissued an overweight rating and set a GBX 600 ($7.99) price objective on shares of BT Group plc in a report on Wednesday, June 22nd. Jefferies Group decreased their price objective on BT Group plc from GBX 475 ($6.33) to GBX 400 ($5.33) and set a hold rating on the stock in a report on Tuesday, June 21st. Haitong Bank reissued a buy rating and set a GBX 600 ($7.99) price objective on shares of BT Group plc in a report on Friday, June 17th. Finally, Goldman Sachs Group Inc. reissued a conviction-buy rating on shares of BT Group plc in a report on Thursday, June 16th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. BT Group plc currently has a consensus rating of Hold and an average target price of GBX 475.50 ($6.33).
In related news, insider Patterson,Gavin acquired 331 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The stock was acquired at an average cost of GBX 399 ($5.31) per share, with a total value of £1,320.69 ($1,759.04). Also, insider Wilcox,Alison sold 40,329 shares of BT Group plc stock in a transaction on 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).
About BT Group plc
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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