BT Group plc (BT.A) Stock Rating Reaffirmed by Deutsche Bank AG

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BT Group plc (LON:BT.A)‘s stock had its “sell” rating reaffirmed by equities research analysts at Deutsche Bank AG in a research report issued to clients and investors on Tuesday. They currently have a GBX 390 ($5.19) price target on the communications services company’s stock.
A number of other analysts have also recently issued reports on the company. Goldman Sachs Group reissued a “conviction-buy” rating on shares of BT Group plc in a research note on Friday. Haitong Bank reaffirmed a “buy” rating and set a GBX 560 ($7.46) price target on shares of BT Group plc in a research note on Friday. JPMorgan Chase & Co. cut shares of BT Group plc to a “neutral” rating and decreased their price target for the stock from GBX 490 ($6.53) to GBX 440 ($5.86) in a research note on Friday. Barclays PLC reaffirmed an “overweight” rating and set a GBX 550 ($7.33) price target on shares of BT Group plc in a research note on Wednesday, August 31st. Finally, Jefferies Group decreased their price target on shares of BT Group plc from GBX 405 ($5.39) to GBX 400 ($5.33) and set a “hold” rating for the company in a research note on Monday, August 15th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 475.92 ($6.34).

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In other BT Group plc news, insider Wilcox,Alison sold 40,329 shares of BT Group plc stock in a transaction dated Monday, August 1st. The stock was sold at an average price of GBX 417 ($5.55), for a total value of £168,171.93 ($223,990.32). Also, insider Patterson,Gavin bought 331 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was acquired at an average price of GBX 399 ($5.31) per share, for a total transaction of £1,320.69 ($1,759.04).
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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