BT Group plc (BT.A) Earns “Outperform” Rating from Macquarie
Macquarie reiterated their outperform rating on shares of BT Group plc (LON:BT.A) in a research report sent to investors on Tuesday. They currently have a GBX 355 ($4.58) target price on the communications services company’s stock.
Several other brokerages have also recently commented on BT.A. Deutsche Bank AG reaffirmed a sell rating and issued a GBX 265 ($3.42) target price on shares of BT Group plc in a research report on Friday, June 9th. UBS AG set a GBX 310 ($4.00) target price on BT Group plc and gave the stock a neutral rating in a research report on Friday, June 9th. J P Morgan Chase & Co reaffirmed a neutral rating and issued a GBX 330 ($4.26) target price on shares of BT Group plc in a research report on Thursday, June 8th. Barclays PLC reaffirmed an overweight rating and issued a GBX 450 ($5.81) target price on shares of BT Group plc in a research report on Thursday, June 8th. Finally, Jefferies Group LLC reduced their target price on BT Group plc from GBX 325 ($4.20) to GBX 280 ($3.62) and set a hold rating for the company in a research report on Wednesday, May 31st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 353 ($4.56).
In related news, insider Sean Williams sold 18,945 shares of BT Group plc stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of GBX 313 ($4.04), for a total value of £59,297.85 ($76,582.53). Also, insider Isabel Hudson acquired 3,367 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of GBX 295 ($3.81) per share, with a total value of £9,932.65 ($12,827.91). Over the last quarter, insiders purchased 113,903 shares of company stock valued at $32,185,489.
BT Group plc Company Profile
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