BT Group – CLASS A (BT.A) Price Target Cut to GBX 240

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BT Group – CLASS A (LON:BT.A) had its price target cut by Berenberg Bank from GBX 260 ($3.40) to GBX 240 ($3.14) in a research note released on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have a hold rating on the communications services company’s stock.

A number of other equities research analysts also recently weighed in on BT.A. Jefferies Financial Group cut their price target on shares of BT Group – CLASS A from GBX 340 ($4.44) to GBX 325 ($4.25) and set a buy rating for the company in a report on Tuesday, May 21st. Numis Securities reissued a buy rating on shares of BT Group – CLASS A in a report on Monday, May 20th. UBS Group reissued a neutral rating on shares of BT Group – CLASS A in a report on Friday, May 10th. Deutsche Bank reissued a hold rating on shares of BT Group – CLASS A in a report on Friday, May 10th. Finally, Barclays cut their price objective on BT Group – CLASS A from GBX 250 ($3.27) to GBX 240 ($3.14) and set an equal weight rating on the stock in a report on Friday, May 10th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. BT Group – CLASS A presently has an average rating of Hold and a consensus price target of GBX 263.36 ($3.44).

BT.A stock opened at GBX 196.26 ($2.56) on Wednesday. BT Group – CLASS A has a fifty-two week low of GBX 224.20 ($2.93) and a fifty-two week high of GBX 337.05 ($4.40).

In related news, insider Jan du Plessis bought 876 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was purchased at an average price of GBX 205 ($2.68) per share, with a total value of £1,795.80 ($2,346.53). Also, insider Matthew Key bought 18,500 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were bought at an average cost of GBX 205 ($2.68) per share, with a total value of £37,925 ($49,555.73). Insiders bought a total of 20,189 shares of company stock worth $4,151,753 in the last quarter.

BT Group – CLASS A Company Profile

BT Group plc provides communications services worldwide. Its Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers, online BT Shop, and Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages. The company's EE segment offers 2G, 3G, and 4G mobile network services; broadband, fixed-voice, and TV services; and postpaid and prepaid plans, and emergency services network.

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Analyst Recommendations for BT Group - CLASS A (LON:BT.A)

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