BT Group plc (BT.A) Stock Rating Reaffirmed by BNP Paribas

BT Group plc (LON:BT.A)‘s stock had its “underperform” rating reaffirmed by investment analysts at BNP Paribas in a report released on Thursday. They currently have a GBX 240 ($3.10) target price on the communications services company’s stock.

A number of other equities analysts have also issued reports on BT.A. Credit Suisse Group decreased their price target on BT Group plc from GBX 340 ($4.39) to GBX 320 ($4.13) and set a “neutral” rating for the company in a research note on Wednesday, May 17th. Royal Bank Of Canada set a GBX 410 ($5.30) price objective on BT Group plc and gave the stock a “buy” rating in a research note on Saturday, May 20th. Barclays PLC set a GBX 450 ($5.81) price objective on BT Group plc and gave the stock a “buy” rating in a research note on Saturday, May 20th. Goldman Sachs Group, Inc. (The) reduced their price objective on BT Group plc from GBX 350 ($4.52) to GBX 340 ($4.39) and set a “neutral” rating for the company in a research note on Wednesday, May 24th. Finally, Jefferies Group LLC reduced their price objective on BT Group plc from GBX 325 ($4.20) to GBX 280 ($3.62) and set a “hold” rating for the company in a research note on Wednesday, May 31st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 353 ($4.56).

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In related news, insider Sean Williams sold 18,945 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of GBX 313 ($4.04), for a total transaction of £59,297.85 ($76,582.53). Also, insider Isabel Hudson acquired 3,367 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of GBX 295 ($3.81) per share, with a total value of £9,932.65 ($12,827.91). Over the last quarter, insiders have purchased 113,903 shares of company stock valued at $32,185,489.

BT Group plc Company Profile

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