Published On: Sun, Sep 18th, 2016

BT Group plc (BT.A) Earns “Overweight” Rating from Barclays PLC

BT Group plc (LON:BT.A)‘s stock had its “overweight” rating reiterated by equities researchers at Barclays PLC in a report issued on Monday. They presently have a GBX 550 ($7.33) price target on the communications services company’s stock.
A number of other equities research analysts have also weighed in on BT.A. Jefferies Group restated a “hold” rating and issued a GBX 475 ($6.33) price objective on shares of BT Group plc in a report on Thursday, May 5th. Deutsche Bank AG restated a “sell” rating and issued a GBX 410 ($5.46) price objective on shares of BT Group plc in a report on Wednesday, May 4th. Morgan Stanley restated an “equal weight” rating and issued a GBX 500 ($6.66) price objective on shares of BT Group plc in a report on Thursday, April 28th. JPMorgan Chase & Co. reduced their price objective on shares of BT Group plc from GBX 530 ($7.06) to GBX 490 ($6.53) and set an “overweight” rating on the stock in a report on Thursday, June 30th. Finally, Credit Suisse Group AG restated an “outperform” rating and issued a GBX 510 ($6.79) price objective on shares of BT Group plc in a report on Tuesday, May 3rd. Five research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. BT Group plc presently has a consensus rating of “Hold” and a consensus price target of GBX 475.50 ($6.33).
In other news, insider Patterson,Gavin acquired 331 shares of the business’s stock in a transaction dated Friday, August 12th. The stock was acquired at an average price of GBX 399 ($5.31) per share, with a total value of £1,320.69 ($1,759.04). Also, insider Wilcox,Alison sold 40,329 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of GBX 417 ($5.55), for a total transaction of £168,171.93 ($223,990.32).

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About BT Group plc
BT Group plc is a communications services company. The Company’s activities are the provision of fixed-line services, broadband, mobile and television products and services, as well as managed networked information technology (IT) services in both the United Kingdom and across the globe. The Company operates in five segments: BT Global Services, BT Business, BT Consumer, BT Wholesale and Openreach.

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