BT Group plc (LON:BT.A) hit a new 52-week low on Wednesday after Jefferies Group lowered their price target on the stock from GBX 280 to GBX 265. Jefferies Group currently has a hold rating on the stock. BT Group plc traded as low as GBX 264.20 ($3.49) and last traded at GBX 265.05 ($3.50), with a volume of shares changing hands.
Other equities research analysts have also issued reports about the stock. Numis Securities Ltd initiated coverage on shares of BT Group plc in a report on Thursday, July 13th. They set a “buy” rating and a GBX 390 ($5.15) price objective on the stock. Citigroup Inc reissued a “buy” rating and set a GBX 360 ($4.75) price objective on shares of BT Group plc in a report on Monday, July 31st. HSBC Holdings plc set a GBX 360 ($4.75) price objective on shares of BT Group plc and gave the company a “buy” rating in a report on Thursday, September 7th. Macquarie set a GBX 355 ($4.68) price objective on shares of BT Group plc and gave the company a “buy” rating in a report on Thursday, September 7th. Finally, Morgan Stanley dropped their price objective on shares of BT Group plc from GBX 350 ($4.62) to GBX 320 ($4.22) and set an “equal weight” rating on the stock in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. BT Group plc has an average rating of “Hold” and an average price target of GBX 347.75 ($4.59).
In related news, insider Isabel Hudson purchased 3,367 shares of BT Group plc stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of GBX 295 ($3.89) per share, for a total transaction of £9,932.65 ($13,107.22). Also, insider Sean Williams sold 18,945 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of GBX 313 ($4.13), for a total transaction of £59,297.85 ($78,250.00).
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BT Group plc Company Profile
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