BT Group plc (LON:BT.A) received a GBX 340 ($4.43) price objective from analysts at Goldman Sachs Group, Inc. (The) in a report released on Monday. The firm currently has a “neutral” rating on the communications services company’s stock.
A number of other equities research analysts also recently issued reports on the company. Citigroup Inc. reiterated a “buy” rating on shares of BT Group plc in a research report on Monday, May 15th. Macquarie upgraded BT Group plc to an “outperform” rating and increased their price objective for the stock from GBX 270 ($3.52) to GBX 330 ($4.30) in a research report on Wednesday, June 28th. BNP Paribas set a GBX 260 ($3.39) price objective on BT Group plc and gave the stock a “sell” rating in a research report on Thursday, May 25th. Morgan Stanley set a GBX 400 ($5.21) price objective on BT Group plc and gave the stock a “buy” rating in a research report on Thursday, May 4th. Finally, Barclays PLC lowered their price objective on BT Group plc from GBX 475 ($6.19) to GBX 450 ($5.86) and set an “overweight” rating on the stock in a research report on Friday, May 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. BT Group plc presently has a consensus rating of “Hold” and an average target price of GBX 352.75 ($4.60).
In other news, insider Tony Ball purchased 100,000 shares of the stock in a transaction on Thursday, June 22nd. The shares were acquired at an average price of GBX 282 ($3.67) per share, for a total transaction of £282,000 ($367,378.84). Also, insider Sir Michael Rake purchased 593 shares of the stock in a transaction on Monday, May 15th. The shares were purchased at an average price of GBX 303 ($3.95) per share, for a total transaction of £1,796.79 ($2,340.79). Insiders have acquired 127,529 shares of company stock worth $36,390,303 in the last 90 days.
About BT Group plc
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