Credit Suisse Group Lowers BT Group plc (BT.A) to Neutral

Credit Suisse Group downgraded shares of BT Group plc (LON:BT.A) to a neutral rating in a research report released on Monday. Credit Suisse Group currently has GBX 310 ($4.08) price target on the communications services company’s stock, down from their previous price target of GBX 360 ($4.73).

A number of other equities research analysts have also recently commented on the stock. Numis Securities Ltd initiated coverage on shares of BT Group plc in a research note on Thursday, July 13th. They set a buy rating and a GBX 390 ($5.13) price objective on the stock. Citigroup Inc. reaffirmed a buy rating and set a GBX 360 ($4.73) price objective on shares of BT Group plc in a research note on Monday, July 31st. HSBC Holdings plc set a GBX 360 ($4.73) price objective on shares of BT Group plc and gave the stock a buy rating in a research note on Thursday, September 7th. Macquarie set a GBX 355 ($4.67) price objective on shares of BT Group plc and gave the stock a buy rating in a research note on Thursday, September 7th. Finally, Morgan Stanley dropped their price objective on shares of BT Group plc from GBX 350 ($4.60) to GBX 320 ($4.21) and set an equal weight rating on the stock in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 348.50 ($4.58).

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In other news, insider Isabel Hudson bought 3,367 shares of the company’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of GBX 295 ($3.88) per share, with a total value of £9,932.65 ($13,058.97). Also, insider Sean Williams sold 18,945 shares of BT Group plc stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of GBX 313 ($4.12), for a total value of £59,297.85 ($77,961.94).

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