BT Group plc (LON:BT.A) Receives GBX 357.22 Average Price Target from Brokerages

BT Group plc (LON:BT.A) has earned an average recommendation of “Hold” from the twenty ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 352.37 ($4.60).

A number of equities research analysts recently issued reports on BT.A shares. Goldman Sachs Group, Inc. (The) set a GBX 340 ($4.44) price objective on BT Group plc and gave the stock a “neutral” rating in a research report on Wednesday, June 21st. Morgan Stanley set a GBX 400 ($5.22) price target on BT Group plc and gave the company a “buy” rating in a research report on Tuesday, March 21st. Citigroup Inc. restated a “buy” rating on shares of BT Group plc in a research report on Monday, May 15th. Macquarie raised BT Group plc to an “outperform” rating and raised their price objective for the company from GBX 270 ($3.53) to GBX 330 ($4.31) in a research note on Wednesday, June 28th. Finally, BNP Paribas set a GBX 260 ($3.40) price objective on BT Group plc and gave the company a “sell” rating in a research note on Thursday, May 25th.

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In related news, insider Sir Michael Rake purchased 593 shares of BT Group plc stock in a transaction dated Monday, May 15th. The shares were acquired at an average cost of GBX 303 ($3.96) per share, with a total value of £1,796.79 ($2,346.29). Also, insider Tony Ball bought 100,000 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The shares were acquired at an average cost of GBX 282 ($3.68) per share, for a total transaction of £282,000 ($368,242.36). Insiders have purchased 127,529 shares of company stock worth $36,390,303 over the last 90 days.

BT Group plc Company Profile

Analyst Recommendations for BT Group plc (LON:BT.A)

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