The BT Group plc (BT.A) Rating Reiterated by Haitong Bank

The BT Group plc (BT.A) Rating Reiterated by Haitong Bank

BT Group plc (LON:BT.A)‘s stock had its “buy” rating restated by equities researchers at Haitong Bank in a research report issued to clients and investors on Friday. They presently have a GBX 560 ($6.93) price objective on the communications services company’s stock.

BT.A has been the subject of a number of other research reports. Deutsche Bank AG reiterated a “sell” rating and set a GBX 390 ($4.83) target price on shares of BT Group plc in a research report on Tuesday, September 6th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of BT Group plc in a research report on Friday, September 2nd. Macquarie cut their price objective on shares of BT Group plc from GBX 360 ($4.46) to GBX 310 ($3.84) and set an “underperform” rating for the company in a research report on Monday. JPMorgan Chase & Co. lowered shares of BT Group plc to a “neutral” rating and cut their price objective for the company from GBX 490 ($6.06) to GBX 440 ($5.45) in a research report on Friday, September 2nd. Finally, HSBC set a GBX 480 ($5.94) price objective on shares of BT Group plc and gave the company a “buy” rating in a research report on Monday, June 27th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 473 ($5.85).

In related news, insider Patterson,Gavin purchased 331 shares of the stock in a transaction dated Friday, August 12th. The stock was purchased at an average price of GBX 399 ($4.94) per share, with a total value of £1,320.69 ($1,634.52). Also, 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 ($5.16), for a total value of £168,171.93 ($208,133.58).

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