Numis Securities reiterated their buy rating on shares of BT Group (LON:BT.A) in a research report released on Monday, February 26th. They currently have a GBX 400 ($5.53) price target on the communications services company’s stock.
Other research analysts have also recently issued research reports about the company. Sanford C. Bernstein set a GBX 355 ($4.90) price objective on BT Group and gave the stock a buy rating in a research report on Monday, January 15th. Barclays set a GBX 420 ($5.80) target price on BT Group and gave the company a buy rating in a report on Wednesday, November 8th. HSBC reissued a buy rating and issued a GBX 360 ($4.97) target price on shares of BT Group in a report on Tuesday, January 30th. UBS Group set a GBX 330 ($4.56) price objective on BT Group and gave the company a buy rating in a research note on Thursday, February 8th. Finally, Berenberg Bank raised BT Group to a buy rating and decreased their price objective for the company from GBX 320 ($4.42) to GBX 310 ($4.28) in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 318.78 ($4.40).
BT Group (LON BT.A) traded down GBX 1.65 ($0.02) during trading on Monday, hitting GBX 225.50 ($3.12). The stock had a trading volume of 30,870,000 shares, compared to its average volume of 26,150,000. BT Group has a twelve month low of GBX 224.30 ($3.10) and a twelve month high of GBX 337.05 ($4.66). The stock has a market capitalization of $22,370.00 and a PE ratio of 1,326.47.
BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as managed networked information technology (IT) solutions and cyber security protection. Its segments include Consumer, which provides fixed-voice, broadband, TV and mobile services; EE, which is a mobile network operator in the United Kingdom and provides mobile and fixed communications services to consumers; Business and Public Sector, which provides communications and IT services to businesses and the public sector in the United Kingdom and the Republic of Ireland (RoI) ;Global Services, which provides managed networked IT services to corporate customers; Wholesale and Ventures, which provides fixed and mobile services to communications providers (CPs); and Openreach, which provides copper and fiber connections between its exchanges and homes and businesses.
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