BT Group – CLASS A (LON:BT.A) had its price target dropped by analysts at Berenberg Bank from GBX 260 ($3.40) to GBX 240 ($3.14) in a research note issued to investors on Wednesday, May 22nd, ThisIsMoney.Co.Uk reports. The brokerage currently has a “hold” rating on the communications services company’s stock. Berenberg Bank’s price objective would suggest a potential upside of 16.34% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group lifted their price objective on shares of BT Group – CLASS A from GBX 265 ($3.46) to GBX 340 ($4.44) and gave the company a “buy” rating in a report on Friday, February 15th. HSBC lowered their price target on shares of BT Group – CLASS A from GBX 285 ($3.72) to GBX 280 ($3.66) and set a “buy” rating for the company in a report on Monday, February 11th. Goldman Sachs Group lowered their price objective on shares of BT Group – CLASS A from GBX 320 ($4.18) to GBX 300 ($3.92) and set a “buy” rating on the stock in a research note on Thursday, April 11th. Numis Securities reissued a “buy” rating on shares of BT Group – CLASS A in a research note on Monday, April 29th. Finally, Barclays reissued an “equal weight” rating on shares of BT Group – CLASS A in a research note on Friday, February 1st. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 271.83 ($3.55).
Shares of BT.A traded down GBX 3.20 ($0.04) during trading on Wednesday, reaching GBX 206.30 ($2.70). 21,517,069 shares of the company traded hands, compared to its average volume of 26,890,000. BT Group – CLASS A has a twelve month low of GBX 224.20 ($2.93) and a twelve month high of GBX 337.05 ($4.40).
In related news, insider Jan du Plessis acquired 876 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were acquired at an average cost of GBX 205 ($2.68) per share, for a total transaction of £1,795.80 ($2,346.53). Also, insider Philip Jansen acquired 1,484,413 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were bought at an average price of GBX 202 ($2.64) per share, for a total transaction of £2,998,514.26 ($3,918,089.98). Over the last 90 days, insiders acquired 1,503,789 shares of company stock worth $303,823,506.
About BT Group – CLASS A
BT Group plc provides communications services worldwide. Its Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers, online BT Shop, and Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages. The company's EE segment offers 2G, 3G, and 4G mobile network services; broadband, fixed-voice, and TV services; and postpaid and prepaid plans, and emergency services network.
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