BT Group plc (BT.A) Price Target Lowered to GBX 310 at Macquarie
BT Group plc (LON:BT.A) had its price objective decreased by Macquarie from GBX 360 ($4.46) to GBX 310 ($3.84) in a research report report published on Monday. Macquarie currently has an underperform rating on the communications services company’s stock.
A number of other research firms have also weighed in on BT.A. JPMorgan Chase & Co. reduced their price objective on shares of BT Group plc from GBX 530 ($6.56) to GBX 490 ($6.06) and set an overweight rating for the company in a research note on Thursday, June 30th. Beaufort Securities reiterated a buy rating on shares of BT Group plc in a research note on Friday, July 29th. Societe Generale reiterated a buy rating and issued a GBX 545 ($6.75) price objective on shares of BT Group plc in a research note on Monday, June 13th. Haitong Bank reiterated a buy rating and issued a GBX 560 ($6.93) price objective on shares of BT Group plc in a research note on Friday, September 2nd. Finally, Credit Suisse Group AG lowered shares of BT Group plc to a neutral rating and reduced their price objective for the company from GBX 510 ($6.31) to GBX 400 ($4.95) in a research note on Monday, June 27th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. BT Group plc has an average rating of Hold and a consensus target price of GBX 473 ($5.85).
In other BT Group plc news, insider Patterson,Gavin acquired 331 shares of the company’s stock in a transaction on Friday, August 12th. The stock was acquired at an average cost of GBX 399 ($4.94) per share, with a total value of £1,320.69 ($1,634.52). 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 ($5.16), for a total transaction of £168,171.93 ($208,133.58).
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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