Deutsche Bank AG Reaffirms Sell Rating for BT Group plc (BT.A)

Deutsche Bank AG reiterated their sell rating on shares of BT Group plc (LON:BT.A) in a report published on Wednesday morning. Deutsche Bank AG currently has a GBX 265 ($3.45) target price on the communications services company’s stock.

BT.A has been the topic of several other research reports. Credit Suisse Group cut their price objective on BT Group plc from GBX 340 ($4.43) to GBX 320 ($4.17) and set a neutral rating on the stock in a report on Wednesday, May 17th. Morgan Stanley set a GBX 400 ($5.21) price target on BT Group plc and gave the stock a buy rating in a report on Thursday, May 4th. J P Morgan Chase & Co restated a neutral rating and set a GBX 330 ($4.30) price target on shares of BT Group plc in a report on Friday, April 21st. Citigroup Inc. restated a buy rating on shares of BT Group plc in a report on Monday, May 15th. Finally, HSBC Holdings plc cut their price target on BT Group plc from GBX 420 ($5.47) to GBX 370 ($4.82) and set a buy rating on the stock in a report on Friday, April 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. BT Group plc currently has an average rating of Hold and an average price target of GBX 352.75 ($4.59).

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In other BT Group plc news, insider Simon Lowth acquired 10,536 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were acquired at an average price of GBX 284 ($3.70) per share, for a total transaction of £29,922.24 ($38,966.32). Also, insider Sean Williams sold 18,945 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of GBX 313 ($4.08), for a total value of £59,297.85 ($77,220.80). In the last quarter, insiders bought 111,129 shares of company stock worth $31,371,903.

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