BT Group plc (BT.A) Given Buy Rating at Haitong Bank
Haitong Bank reaffirmed their buy rating on shares of BT Group plc (LON:BT.A) in a report released on Tuesday morning. Haitong Bank currently has a GBX 560 ($7.31) target price on the communications services company’s stock.
Several other research firms also recently commented on BT.A. Jefferies Group restated a hold rating and set a GBX 400 ($5.22) price objective on shares of BT Group plc in a report on Monday, July 25th. HSBC restated a buy rating and set a GBX 480 ($6.27) price objective on shares of BT Group plc in a report on Friday, August 5th. S&P Global Inc. set a GBX 475 ($6.20) price objective on BT Group plc and gave the company a neutral rating in a report on Thursday, July 28th. Deutsche Bank AG restated a sell rating and set a GBX 410 ($5.35) price objective on shares of BT Group plc in a report on Friday, June 24th. Finally, Societe Generale set a GBX 500 ($6.53) price objective on BT Group plc and gave the company a buy rating in a report on Thursday, July 21st. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 474.67 ($6.20).
In other news, insider Patterson,Gavin acquired 331 shares of the business’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). 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 ($5.44), 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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