BT Group plc (BT.A) Cut to Hold at Beaufort Securities

Beaufort Securities cut shares of BT Group plc (LON:BT.A) to a hold rating in a report issued on Friday. They currently have GBX 265 ($3.50) target price on the communications services company’s stock, down from their prior target price of GBX 340 ($4.49).

Other analysts have also issued research reports about the company. Jefferies Group LLC reiterated a hold rating and issued a GBX 280 ($3.69) price target on shares of BT Group plc in a report on Tuesday, July 18th. J P Morgan Chase & Co reiterated a neutral rating and issued a GBX 290 ($3.83) price target on shares of BT Group plc in a report on Wednesday, July 12th. Barclays PLC reiterated an overweight rating and issued a GBX 450 ($5.94) price target on shares of BT Group plc in a report on Wednesday, August 9th. Deutsche Bank AG restated a sell rating and set a GBX 265 ($3.50) target price on shares of BT Group plc in a report on Wednesday, August 9th. Finally, Macquarie upped their target price on BT Group plc from GBX 330 ($4.35) to GBX 340 ($4.49) and gave the stock an outperform rating in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of GBX 335.79 ($4.43).

BT Group plc (LON:BT.A) opened at GBX 250.10 ($3.30) on Friday. BT Group plc has a one year low of GBX 246.60 ($3.25) and a one year high of GBX 400.70 ($5.29).

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In other news, insider Isabel Hudson bought 3,367 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of GBX 295 ($3.89) per share, with a total value of £9,932.65 ($13,107.22).

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