BT Group plc (BT.A) Stock Rating Reaffirmed by Deutsche Bank AG

BT Group plc (LON:BT.A)‘s stock had its “sell” rating restated by investment analysts at Deutsche Bank AG in a report released on Wednesday, August 9th. They presently have a GBX 265 ($3.44) price objective on the communications services company’s stock.

BT.A has been the subject of a number of other research reports. Citigroup Inc. reiterated a “buy” rating on shares of BT Group plc in a research report on Monday, May 15th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 390 ($5.06) price objective on shares of BT Group plc in a research report on Monday, August 7th. Berenberg Bank reduced their price objective on BT Group plc from GBX 400 ($5.19) to GBX 343 ($4.45) and set a “hold” rating for the company in a research report on Friday, May 5th. Morgan Stanley set a GBX 400 ($5.19) price target on BT Group plc and gave the company a “buy” rating in a report on Thursday, May 4th. Finally, Royal Bank Of Canada cut their price target on BT Group plc from GBX 465 ($6.04) to GBX 425 ($5.52) and set an “outperform” rating for the company in a report on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 352.75 ($4.58).

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In other BT Group plc news, insider Sean Williams sold 18,945 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of GBX 313 ($4.06), for a total transaction of £59,297.85 ($76,980.20). Also, insider Isabel Hudson acquired 3,367 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were bought at an average price of GBX 295 ($3.83) per share, for a total transaction of £9,932.65 ($12,894.52). Over the last 90 days, insiders have acquired 113,903 shares of company stock worth $32,185,489.

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