BT Group – CLASS A (LON:BT.A) had its price target reduced by Deutsche Bank from GBX 235 ($3.07) to GBX 217 ($2.84) in a research report sent to investors on Thursday, ThisIsMoney.Co.Uk reports. They currently have a hold rating on the communications services company’s stock.
Several other research analysts have also recently issued reports on the company. Berenberg Bank cut their target price on BT Group – CLASS A from GBX 260 ($3.40) to GBX 240 ($3.14) and set a hold rating on the stock in a research report on Wednesday, May 22nd. Jefferies Financial Group cut their target price on BT Group – CLASS A from GBX 340 ($4.44) to GBX 325 ($4.25) and set a buy rating on the stock in a research report on Tuesday, May 21st. Numis Securities reaffirmed a buy rating on shares of BT Group – CLASS A in a research report on Monday, May 20th. UBS Group reissued a neutral rating on shares of BT Group – CLASS A in a research 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 research 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 stock. The company has an average rating of Hold and a consensus price target of GBX 263.36 ($3.44).
Shares of LON:BT.A opened at GBX 196.26 ($2.56) on Thursday. BT Group – CLASS A has a 12-month low of GBX 224.20 ($2.93) and a 12-month high of GBX 337.05 ($4.40).
About BT Group – CLASS A
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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