BT Group – CLASS A Common Stock (LON:BT.A) had its price objective hoisted by investment analysts at Berenberg Bank from GBX 260 ($3.39) to GBX 270 ($3.52) in a note issued to investors on Friday. The brokerage presently has a “buy” rating on the communications services company’s stock. Berenberg Bank’s target price suggests a potential upside of 19.47% from the stock’s previous close.
A number of other research firms also recently commented on BT.A. Numis Securities reissued a “buy” rating on shares of BT Group – CLASS A Common Stock in a research note on Monday, July 30th. Deutsche Bank reissued a “hold” rating on shares of BT Group – CLASS A Common Stock in a research note on Monday, July 30th. Cfra set a GBX 240 ($3.13) price objective on BT Group – CLASS A Common Stock and gave the stock a “neutral” rating in a research note on Monday, July 30th. Credit Suisse Group dropped their price objective on BT Group – CLASS A Common Stock from GBX 280 ($3.65) to GBX 235 ($3.06) and set a “neutral” rating on the stock in a research note on Thursday, July 12th. Finally, Barclays reissued an “equal weight” rating on shares of BT Group – CLASS A Common Stock in a research note on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. BT Group – CLASS A Common Stock has an average rating of “Hold” and an average target price of GBX 273.13 ($3.56).
BT.A opened at GBX 226 ($2.94) on Friday. BT Group – CLASS A Common Stock has a one year low of GBX 224.20 ($2.92) and a one year high of GBX 337.05 ($4.39).
In related news, insider Simon Lowth bought 139,744 shares of the business’s stock in a transaction dated Wednesday, June 20th. The shares were bought at an average cost of GBX 213 ($2.77) per share, with a total value of £297,654.72 ($387,722.70). Also, insider Gavin Patterson sold 44,372 shares of the business’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of GBX 230 ($3.00), for a total value of £102,055.60 ($132,936.82).
About BT Group – CLASS A Common Stock
BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as managed networked information technology (IT) solutions and cyber security protection. Its segments include Consumer, which provides fixed-voice, broadband, TV and mobile services; EE, which is a mobile network operator in the United Kingdom and provides mobile and fixed communications services to consumers; Business and Public Sector, which provides communications and IT services to businesses and the public sector in the United Kingdom and the Republic of Ireland (RoI) ;Global Services, which provides managed networked IT services to corporate customers; Wholesale and Ventures, which provides fixed and mobile services to communications providers (CPs); and Openreach, which provides copper and fiber connections between its exchanges and homes and businesses.
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