BT Group plc (BT.A) Rating Reiterated by Haitong Bank
BT Group plc (LON:BT.A)‘s stock had its “buy” rating restated by investment analysts at Haitong Bank in a report issued on Friday. They presently have a GBX 560 ($6.93) price target on the communications services company’s stock.
BT.A has been the subject of a number of other research reports. Goldman Sachs Group Inc. set a GBX 560 ($6.93) price objective on shares of BT Group plc and gave the company a “buy” rating in a research report on Thursday, September 22nd. Beaufort Securities reaffirmed a “buy” rating on shares of BT Group plc in a research report on Friday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 550 ($6.81) price objective on shares of BT Group plc in a research report on Friday, July 29th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 490 ($6.06) price objective on shares of BT Group plc in a research report on Friday, July 29th. Finally, Jefferies Group reaffirmed a “hold” rating and set a GBX 400 ($4.95) price objective on shares of BT Group plc in a research report on Monday, October 3rd. 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 currently has an average rating of “Hold” and an average target price of GBX 473 ($5.85).
In other BT Group plc news, insider Wilcox,Alison sold 40,329 shares of BT Group plc stock in a transaction on Monday, August 1st. The shares were sold at an average price of GBX 417 ($5.16), for a total value of £168,171.93 ($208,133.58). Also, insider Patterson,Gavin purchased 331 shares of the stock in a transaction on Friday, August 12th. The stock was acquired at an average price of GBX 399 ($4.94) per share, for a total transaction of £1,320.69 ($1,634.52).
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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