BT Group – CLASS A (LON:BT.A) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from GBX 260 ($3.40) to GBX 290 ($3.79) in a research report issued on Thursday. The brokerage currently has a “neutral” rating on the communications services company’s stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 9.58% from the company’s previous close.
A number of other research analysts have also issued reports on BT.A. Barclays restated an “equal weight” rating on shares of BT Group – CLASS A in a report on Wednesday, July 25th. Deutsche Bank restated a “hold” rating and issued a GBX 235 ($3.07) target price on shares of BT Group – CLASS A in a report on Tuesday, July 10th. Royal Bank of Canada lowered shares of BT Group – CLASS A to a “sector performer” rating and reduced their target price for the company from GBX 385 ($5.03) to GBX 275 ($3.59) in a report on Wednesday, July 25th. Credit Suisse Group reduced their target price on shares of BT Group – CLASS A from GBX 280 ($3.66) to GBX 235 ($3.07) and set a “neutral” rating on the stock in a report on Thursday, July 12th. Finally, UBS Group restated a “neutral” rating on shares of BT Group – CLASS A in a report on Friday, October 26th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 272.19 ($3.56).
LON:BT.A opened at GBX 264.65 ($3.46) on Thursday. BT Group – CLASS A has a 12-month low of GBX 224.20 ($2.93) and a 12-month high of GBX 337.05 ($4.40).
In related news, insider Alison Wilcox acquired 53,728 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was bought at an average price of GBX 222 ($2.90) per share, with a total value of £119,276.16 ($155,855.43).
BT Group – CLASS A Company Profile
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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