BT Group plc (BT.A) Receives Hold Rating from Jefferies Group
Jefferies Group reiterated their hold rating on shares of BT Group plc (LON:BT.A) in a report published on Monday morning. They currently have a GBX 400 ($5.22) target price on the communications services company’s stock.
A number of other research analysts also recently commented on BT.A. Haitong Bank reissued a buy rating and issued a GBX 600 ($7.83) price target on shares of BT Group plc in a report on Tuesday, June 7th. HSBC set a GBX 550 ($7.18) price target on BT Group plc and gave the company a buy rating in a report on Thursday, June 9th. Berenberg Bank reduced their price target on BT Group plc from GBX 535 ($6.98) to GBX 506 ($6.60) and set a buy rating for the company in a report on Monday, June 13th. 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, Goldman Sachs Group Inc. reissued a conviction-buy rating on shares of BT Group plc in a report on Thursday, June 16th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 474.67 ($6.20).
In related news, insider Wilcox,Alison sold 40,329 shares of the business’s stock in a transaction that occurred 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). Also, insider Patterson,Gavin acquired 331 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The stock was bought at an average price of GBX 399 ($5.21) per share, with a total value 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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