BT Group – CLASS A (BT.A) Price Target Raised to GBX 255

BT Group – CLASS A (LON:BT.A) had its price target upped by Sanford C. Bernstein from GBX 225 ($2.94) to GBX 255 ($3.33) in a report released on Friday. The brokerage currently has a market perform rating on the communications services company’s stock.

Other analysts have also issued reports about the stock. Numis Securities reaffirmed a buy rating on shares of BT Group – CLASS A in a research note on Monday, July 30th. Jefferies Financial Group upped their price objective on shares of BT Group – CLASS A from GBX 245 ($3.20) to GBX 250 ($3.27) and gave the stock a buy rating in a research note on Tuesday, July 24th. Berenberg Bank reissued a buy rating on shares of BT Group – CLASS A in a research report on Friday, July 20th. Barclays reissued an equal weight rating on shares of BT Group – CLASS A in a research report on Wednesday, July 25th. Finally, Deutsche Bank reissued a hold rating on shares of BT Group – CLASS A in a research report on Monday, July 30th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. BT Group – CLASS A currently has a consensus rating of Hold and a consensus target price of GBX 272.67 ($3.56).

LON:BT.A opened at GBX 266.80 ($3.49) on Friday. BT Group – CLASS A has a 1-year low of GBX 224.20 ($2.93) and a 1-year high of GBX 337.05 ($4.40).

In other news, insider Alison Wilcox purchased 53,728 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was acquired at an average cost 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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