BT Group plc (LON:BT.A) had its target price lowered by investment analysts at Beaufort Securities from GBX 390 ($4.93) to GBX 340 ($4.30) in a report issued on Friday, May 12th. The brokerage presently has a “buy” rating on the communications services company’s stock.
Several other analysts have also recently issued reports on the stock. Morgan Stanley set a GBX 400 ($5.06) price target on shares of BT Group plc and gave the company a “buy” rating in a report on Tuesday, March 21st. Goldman Sachs Group, Inc. (The) set a GBX 360 ($4.55) price target on shares of BT Group plc and gave the company a “neutral” rating in a report on Tuesday, March 28th. HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 425 ($5.38) price target on shares of BT Group plc in a report on Tuesday, February 7th. Deutsche Bank AG reissued a “sell” rating and set a GBX 275 ($3.48) target price on shares of BT Group plc in a report on Tuesday, March 28th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 330 ($4.17) target price on shares of BT Group plc in a report on Monday, March 27th. 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 company’s stock. BT Group plc currently has an average rating of “Hold” and an average target price of GBX 360.79 ($4.56).
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In related news, insider Sir Michael Rake purchased 16,400 shares of the stock in a transaction on Friday, May 12th. The shares were bought at an average price of GBX 306 ($3.87) per share, for a total transaction of £50,184 ($63,483.87).
BT Group plc Company Profile
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