Citigroup Inc. reaffirmed their buy rating on shares of BT Group plc (LON:BT.A) in a research report sent to investors on Monday, July 31st. They currently have a GBX 360 ($4.69) price target on the communications services company’s stock.
BT.A has been the topic of a number of other reports. Credit Suisse Group lowered their target price on shares of BT Group plc from GBX 340 ($4.43) to GBX 320 ($4.17) and set a neutral rating on the stock in a research report on Wednesday, May 17th. Morgan Stanley set a GBX 400 ($5.21) target price on shares of BT Group plc and gave the stock a buy rating in a research report on Thursday, May 4th. J P Morgan Chase & Co reiterated a neutral rating and issued a GBX 330 ($4.30) price objective on shares of BT Group plc in a research report on Friday, April 21st. HSBC Holdings plc lowered their price objective on shares of BT Group plc from GBX 420 ($5.47) to GBX 370 ($4.82) and set a buy rating on the stock in a research report on Friday, April 21st. Finally, Royal Bank Of Canada set a GBX 410 ($5.34) price objective on shares of BT Group plc and gave the company a buy rating in a research report on Saturday, May 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. BT Group plc 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 Tony Ball bought 100,000 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was purchased at an average price of GBX 282 ($3.67) per share, with a total value of £282,000 ($367,235.32). Also, insider Sir Michael Rake bought 593 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average cost of GBX 303 ($3.95) per share, with a total value of £1,796.79 ($2,339.87). Insiders purchased a total of 127,529 shares of company stock valued at $36,390,303 in the last three months.
About BT Group plc
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