Jefferies Group Lowers BT Group plc (BT.A) Price Target to GBX 385
BT Group plc (LON:BT.A) had its target price decreased by analysts at Jefferies Group from GBX 400 ($4.96) to GBX 385 ($4.78) in a report released on Monday. The firm presently has a “hold” rating on the communications services company’s stock.
BT.A has been the topic of a number of other research reports. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of BT Group plc in a report on Friday, September 2nd. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 390 ($4.84) price target on shares of BT Group plc in a report on Tuesday, September 6th. Societe Generale reiterated a “buy” rating and issued a GBX 500 ($6.20) price target on shares of BT Group plc in a report on Wednesday, November 2nd. Macquarie decreased their price target on shares of BT Group plc from GBX 360 ($4.47) to GBX 310 ($3.85) and set an “underperform” rating on the stock in a report on Monday, October 10th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a GBX 460 ($5.71) price target on shares of BT Group plc in a report on Wednesday, October 19th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 468.21 ($5.81).
The business also recently announced a dividend, which will be paid on Monday, February 6th. Stockholders of record on Thursday, December 29th will be given a GBX 4.85 ($0.06) dividend. This represents a dividend yield of 1.28%. The ex-dividend date is Thursday, December 29th.
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In other BT Group plc news, insider Mike Inglis acquired 1,400 shares of the stock in a transaction that occurred on Wednesday, November 9th. The stock was acquired at an average price 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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