BT Group plc (LON:BT.A) Downgraded to “Long Term Buy” at Beaufort Securities

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.

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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).

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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