BT Group plc (LON:BT.A) shares rose 1.2% during mid-day trading on Tuesday . The company traded as high as GBX 232.11 ($3.21) and last traded at GBX 230.80 ($3.19). Approximately 17,920,000 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 21,960,000 shares. The stock had previously closed at GBX 228 ($3.15).
BT.A has been the topic of a number of recent research reports. Numis Securities restated a “buy” rating and issued a GBX 400 ($5.53) target price on shares of BT Group in a report on Monday, November 27th. Barclays set a GBX 420 ($5.80) price objective on shares of BT Group and gave the company a “buy” rating in a research note on Wednesday, November 8th. Sanford C. Bernstein set a GBX 355 ($4.90) price objective on shares of BT Group and gave the company a “buy” rating in a research note on Monday, January 15th. HSBC reaffirmed a “buy” rating and set a GBX 360 ($4.97) price objective on shares of BT Group in a research note on Tuesday, January 30th. Finally, UBS Group set a GBX 330 ($4.56) price objective on shares of BT Group and gave the company a “buy” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 325.95 ($4.50).
The company has a market capitalization of $22,900.00 and a PE ratio of 1,357.65.
About BT Group
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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