BT Group plc (BT.A) Receives “Neutral” Rating from BNP Paribas
BNP Paribas reaffirmed their neutral rating on shares of BT Group plc (LON:BT.A) in a research report released on Tuesday morning. The firm currently has a GBX 395 ($4.90) price objective on the communications services company’s stock.
Several other equities research analysts have also commented on BT.A. JPMorgan Chase & Co. lowered shares of BT Group plc to a neutral rating and cut their price target for the stock from GBX 490 ($6.08) to GBX 440 ($5.46) in a research note on Friday, September 2nd. Jefferies Group cut their price target on shares of BT Group plc from GBX 400 ($4.96) to GBX 385 ($4.78) and set a hold rating on the stock in a research note on Monday. Haitong Bank reiterated a buy rating and set a GBX 560 ($6.95) price target on shares of BT Group plc in a research note on Friday, September 2nd. Beaufort Securities reiterated a buy rating on shares of BT Group plc in a research note on Friday, October 28th. Finally, Goldman Sachs Group Inc. cut their price target on shares of BT Group plc from GBX 560 ($6.95) to GBX 540 ($6.70) and set a conviction-buy rating on the stock in a research note on Friday, October 28th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 468.21 ($5.81).
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The company also recently disclosed a dividend, which will be paid on Monday, February 6th. Shareholders of record on Thursday, December 29th will be paid a dividend of GBX 4.85 ($0.06) per share. This represents a yield of 1.28%. The ex-dividend date is Thursday, December 29th.
In other news, insider Mike Inglis acquired 1,400 shares of BT Group plc stock in a transaction on Wednesday, November 9th. The stock was bought at an average cost of GBX 354 ($4.39) per share, with a total value of £4,956 ($6,148.12).
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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