BT Group plc (BT.A) Receives Buy Rating from Haitong Bank
Haitong Bank reaffirmed their buy rating on shares of BT Group plc (LON:BT.A) in a research note published on Tuesday morning. The brokerage currently has a GBX 560 ($7.31) target price on the communications services company’s stock.
Several other research analysts also recently commented on the company. Goldman Sachs Group Inc. reissued a conviction-buy rating on shares of BT Group plc in a research note on Monday. Deutsche Bank AG reissued a sell rating and set a GBX 370 ($4.83) target price on shares of BT Group plc in a research note on Tuesday, September 20th. BNP Paribas lowered their target price on BT Group plc from GBX 395 ($5.16) to GBX 385 ($5.03) and set a neutral rating for the company in a research note on Thursday, September 15th. JPMorgan Chase & Co. downgraded BT Group plc to a neutral rating and lowered their target price for the stock from GBX 490 ($6.40) to GBX 440 ($5.74) in a research note on Friday, September 2nd. Finally, Barclays PLC reissued an overweight rating and set a GBX 550 ($7.18) target price on shares of BT Group plc in a research note on Wednesday, August 31st. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. BT Group plc presently has a consensus rating of Hold and a consensus target price of GBX 474.67 ($6.20).
In related news, insider Patterson,Gavin sold 66,704 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of GBX 413 ($5.39), for a total transaction of £275,487.52 ($359,597.34). Also, insider Wilcox,Alison sold 40,329 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of GBX 417 ($5.44), for a total value of £168,171.93 ($219,516.94).
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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