BT Group (BT.A) Given “Sell” Rating at Deutsche Bank

BT Group (LON:BT.A)‘s stock had its “sell” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Thursday, December 21st. They presently have a GBX 248 ($3.36) price target on the communications services company’s stock. Deutsche Bank’s price target would indicate a potential downside of 9.79% from the company’s previous close.

Several other analysts have also recently issued reports on BT.A. Goldman Sachs Group reiterated a “neutral” rating and set a GBX 340 ($4.61) target price on shares of BT Group in a research report on Monday, September 18th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 410 ($5.56) target price on shares of BT Group in a research report on Monday, October 23rd. Jefferies Group reiterated a “hold” rating and set a GBX 280 ($3.80) target price on shares of BT Group in a research report on Tuesday, September 19th. Morgan Stanley set a GBX 290 ($3.93) target price on BT Group and gave the stock a “neutral” rating in a research report on Thursday, November 30th. Finally, set a GBX 360 ($4.88) target price on BT Group and gave the stock a “buy” rating in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 330.16 ($4.48).

BT Group (LON BT.A) opened at GBX 274.90 ($3.73) on Thursday. BT Group has a 12 month low of GBX 242.20 ($3.28) and a 12 month high of GBX 398.79 ($5.41). The company has a market capitalization of $27,260.00 and a PE ratio of 1,718.13.

In other news, insider Nicholas (Nick) Rose bought 100,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was acquired at an average cost of GBX 251 ($3.40) per share, with a total value of £251,000 ($340,385.14). Also, insider Mike Inglis purchased 1,999 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was bought at an average price of GBX 248 ($3.36) per share, for a total transaction of £4,957.52 ($6,722.97).

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