BT Group plc (LON:BT.A) was downgraded by investment analysts at Beaufort Securities to a “long term buy” rating in a report issued on Friday, July 21st. They currently have a GBX 340 ($4.43) price target on the communications services company’s stock.
A number of other research analysts also recently commented on BT.A. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 330 ($4.30) price target on shares of BT Group plc in a report on Monday, March 27th. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 275 ($3.58) price target on shares of BT Group plc in a report on Tuesday, March 28th. Goldman Sachs Group, Inc. (The) set a GBX 360 ($4.69) price target on shares of BT Group plc and gave the company a “neutral” rating in a report on Tuesday, March 28th. Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 400 ($5.21) price target on shares of BT Group plc in a report on Thursday, March 30th. Finally, HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 420 ($5.47) price target on shares of BT Group plc in a report on Monday, April 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 352.75 ($4.59).
TRADEMARK VIOLATION WARNING: This article was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://stocknewstimes.com/2017/08/08/bt-group-plc-lonbt-a-cut-to-long-term-buy-at-beaufort-securities-updated-updated.html.
In other news, insider Simon Lowth bought 10,536 shares of the stock in a transaction on Wednesday, June 21st. The stock was bought at an average cost of GBX 284 ($3.70) per share, for a total transaction of £29,922.24 ($38,966.32). Also, insider Sir Michael Rake bought 593 shares of the stock in a transaction on Monday, May 15th. The stock was purchased at an average price of GBX 303 ($3.95) per share, with a total value of £1,796.79 ($2,339.87). Over the last three months, insiders have purchased 127,529 shares of company stock worth $36,390,303.
BT Group plc Company Profile
Receive News & Ratings for BT Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BT Group plc and related companies with MarketBeat.com's FREE daily email newsletter.
