BT Group (BT.A) Trading Up 2.8%

BT Group plc (LON:BT.A)’s share price was up 2.8% during trading on Thursday . The stock traded as high as GBX 265.05 ($3.57) and last traded at GBX 264.33 ($3.56). Approximately 23,260,000 shares were traded during trading, an increase of 8% from the average daily volume of 21,510,000 shares. The stock had previously closed at GBX 257.14 ($3.46).

Several equities analysts have commented on BT.A shares. Deutsche Bank reissued a “sell” rating and set a GBX 265 ($3.57) price objective on shares of BT Group in a research report on Wednesday, November 1st. Barclays set a GBX 420 ($5.65) price objective on BT Group and gave the company a “buy” rating in a research report on Wednesday, November 8th. Credit Suisse Group lowered BT Group to a “neutral” rating and lowered their price objective for the company from GBX 360 ($4.85) to GBX 310 ($4.17) in a research report on Monday, October 9th. Numis Securities reissued a “buy” rating and set a GBX 390 ($5.25) price objective on shares of BT Group in a research report on Tuesday, October 24th. Finally, Beaufort Securities lowered BT Group to a “hold” rating and lowered their price objective for the company from GBX 340 ($4.58) to GBX 265 ($3.57) in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 329.63 ($4.44).

In related news, insider Mike Inglis acquired 1,999 shares of the stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average cost of GBX 248 ($3.34) per share, with a total value of £4,957.52 ($6,672.30). Also, insider Nicholas (Nick) Rose acquired 100,000 shares of the stock in a transaction dated Monday, November 6th. The shares were bought at an average cost of GBX 251 ($3.38) per share, for a total transaction of £251,000 ($337,819.65).

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