BT Group plc (BT.A) Rating Reiterated by Numis Securities Ltd
BT Group plc (LON:BT.A)‘s stock had its “buy” rating reiterated by research analysts at Numis Securities Ltd in a research report issued on Monday. They currently have a GBX 390 ($5.08) price objective on the communications services company’s stock.
Other analysts also recently issued research reports about the company. Morgan Stanley set a GBX 400 ($5.21) price objective on BT Group plc and gave the stock a “buy” rating in a research report on Thursday, May 4th. HSBC Holdings plc reduced their price objective on BT Group plc from GBX 420 ($5.47) to GBX 370 ($4.82) and set a “buy” rating for the company in a research report on Friday, April 21st. Beaufort Securities reduced their price objective on BT Group plc from GBX 390 ($5.08) to GBX 340 ($4.43) and set a “buy” rating for the company in a research report on Friday, May 12th. Royal Bank Of Canada set a GBX 410 ($5.34) price objective on BT Group plc and gave the stock a “buy” rating in a research report on Friday, May 12th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of BT Group plc in a research report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 352.75 ($4.59).
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In other news, insider Tony Ball bought 100,000 shares of the stock in a transaction dated Thursday, June 22nd. The stock was bought at an average cost of GBX 282 ($3.67) per share, with a total value of £282,000 ($367,235.32). Also, insider Sir Michael Rake bought 593 shares of the stock in a transaction dated Monday, May 15th. The stock was purchased at an average cost of GBX 303 ($3.95) per share, with a total value of £1,796.79 ($2,339.87). Insiders have purchased a total of 127,529 shares of company stock valued at $36,390,303 over the last ninety days.
About BT Group plc
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