Royal Bank of Canada set a GBX 410 ($5.19) target price on BT Group plc (LON:BT.A) in a research note issued to investors on Monday, May 29th. The firm currently has a buy rating on the communications services company’s stock.
Several other research analysts also recently commented on BT.A. J P Morgan Chase & Co set a GBX 330 ($4.17) target price on BT Group plc and gave the stock a neutral rating in a report on Tuesday, January 31st. BNP Paribas restated a neutral rating and issued a GBX 330 ($4.17) price objective on shares of BT Group plc in a research report on Tuesday, March 14th. Morgan Stanley set a GBX 400 ($5.06) price objective on shares of BT Group plc and gave the stock a buy rating in a research report on Monday, April 3rd. Jefferies Group LLC restated a hold rating and issued a GBX 325 ($4.11) price objective on shares of BT Group plc in a research report on Friday, April 21st. Finally, Macquarie restated a neutral rating and issued a GBX 270 ($3.42) price objective on shares of BT Group plc in a research report on Monday, February 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. BT Group plc presently has a consensus rating of Hold and a consensus target price of GBX 360.79 ($4.56).
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In related news, insider Sir Michael Rake purchased 593 shares of the stock in a transaction on Monday, May 15th. The shares were purchased at an average cost of GBX 303 ($3.83) per share, with a total value of £1,796.79 ($2,272.98).
About BT Group plc
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