BT Group’s (BT.A) “Neutral” Rating Reaffirmed at Credit Suisse Group
Credit Suisse Group restated their neutral rating on shares of BT Group (LON:BT.A) in a research note issued to investors on Friday morning. Credit Suisse Group currently has a GBX 280 ($3.80) price objective on the communications services company’s stock.
Several other equities research analysts have also recently issued reports on the stock. Numis Securities reissued a buy rating and issued a GBX 400 ($5.42) target price on shares of BT Group in a research report on Thursday. Macquarie reaffirmed an outperform rating on shares of BT Group in a research report on Wednesday, January 3rd. Deutsche Bank reaffirmed a sell rating and set a GBX 248 ($3.36) price target on shares of BT Group in a research report on Thursday, December 21st. Royal Bank of Canada reaffirmed an outperform rating and set a GBX 410 ($5.56) price target on shares of BT Group in a research report on Wednesday, December 6th. Finally, Morgan Stanley set a GBX 290 ($3.93) price target on shares of BT Group and gave the company a neutral rating in a research report on Thursday, November 30th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of GBX 330.16 ($4.48).
BT Group (LON BT.A) traded up GBX 4.05 ($0.05) on Friday, hitting GBX 274.90 ($3.73). 24,020,000 shares of the company traded hands, compared to its average volume of 17,290,000. BT Group has a twelve month low of GBX 242.20 ($3.28) and a twelve month high of GBX 398.79 ($5.41). The firm has a market capitalization of $27,260.00 and a PE ratio of 1,718.13.
In other news, insider Mike Inglis bought 1,999 shares of BT Group stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average cost of GBX 248 ($3.36) per share, with a total value of £4,957.52 ($6,722.97). Also, insider Nicholas (Nick) Rose bought 100,000 shares of BT Group stock in a transaction dated Monday, November 6th. The shares were purchased at an average cost of GBX 251 ($3.40) per share, for a total transaction of £251,000 ($340,385.14).
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