HSBC Increases BT Group plc (BT.A) Price Target to GBX 470
BT Group plc (LON:BT.A) had its target price raised by investment analysts at HSBC from GBX 460 ($5.75) to GBX 470 ($5.87) in a research note issued on Friday. The firm currently has a “buy” rating 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 ($7.00) 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 report on Friday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 550 ($6.87) target price on shares of BT Group plc in a report on Friday, July 29th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 490 ($6.12) target price on shares of BT Group plc in a report on Friday, July 29th. Finally, Jefferies Group reiterated a “hold” rating and issued a GBX 400 ($5.00) price objective on shares of BT Group plc in a research note on Monday, October 3rd. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. BT Group plc presently has a consensus rating of “Hold” and an average price target of GBX 469.25 ($5.86).
The firm also recently announced a dividend, which will be paid on Monday, February 6th. Shareholders of record on Thursday, December 29th will be given a dividend of GBX 4.85 ($0.06) per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a yield of 1.28%.
In other BT Group plc news, insider Mike Inglis bought 1,400 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was purchased at an average price of GBX 354 ($4.42) per share, for a total transaction of £4,956 ($6,191.90).
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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