Shares of BT Group plc (LON:BT.A) fell 0.7% during trading on Wednesday . The company traded as low as GBX 267.75 ($3.60) and last traded at GBX 268.23 ($3.61). 18,750,000 shares were traded during mid-day trading, a decline of 16% from the average session volume of 22,270,000 shares. The stock had previously closed at GBX 270.15 ($3.64).
A number of analysts have commented on the company. Deutsche Bank reissued a “sell” rating and set a GBX 265 ($3.57) price objective on shares of BT Group in a report on Thursday, August 24th. Royal Bank of Canada reissued an “outperform” rating and set a GBX 410 ($5.52) price objective on shares of BT Group in a report on Wednesday, December 6th. Goldman Sachs Group reissued a “neutral” rating and set a GBX 340 ($4.58) price objective on shares of BT Group in a report on Monday, September 18th. Numis Securities reissued a “buy” rating and set a GBX 390 ($5.25) price objective on shares of BT Group in a report on Friday, September 22nd. Finally, Morgan Stanley set a GBX 290 ($3.90) price objective on BT Group and gave the stock a “neutral” rating in a report on Thursday, November 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. BT Group currently has a consensus rating of “Hold” and a consensus target price of GBX 329.63 ($4.44).
In related news, insider Mike Inglis purchased 1,999 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was acquired at an average cost of GBX 248 ($3.34) per share, for a total transaction of £4,957.52 ($6,672.30). Also, insider Nicholas (Nick) Rose purchased 100,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were bought at an average price of GBX 251 ($3.38) per share, with a total value of £251,000 ($337,819.65).
BT Group Company Profile
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