Todays Report: The BT Group plc (BT.A) Given Sell Rating at Deutsche Bank AG

The BT Group plc (BT.A) Given Sell Rating at Deutsche Bank AG

BT Group plc (LON:BT.A)‘s stock had its “sell” rating reiterated by equities researchers at Deutsche Bank AG in a report issued on Monday.

Several other equities analysts have also recently weighed in on BT.A. JPMorgan Chase & Co. cut BT Group plc to a “neutral” rating and cut their price target for the company from GBX 490 ($6.12) to GBX 440 ($5.50) in a report on Friday, September 2nd. Haitong Bank restated a “buy” rating and set a GBX 560 ($7.00) price target on shares of BT Group plc in a report on Friday, September 2nd. BNP Paribas restated a “neutral” rating and set a GBX 395 ($4.94) price target on shares of BT Group plc in a report on Friday, October 28th. Beaufort Securities restated a “buy” rating on shares of BT Group plc in a report on Friday, October 28th. Finally, Goldman Sachs Group Inc. cut their price target on BT Group plc from GBX 560 ($7.00) to GBX 540 ($6.75) and set a “conviction-buy” rating for the company in a report on Friday, October 28th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 468.83 ($5.86).

The company also recently declared a dividend, which will be paid on Monday, February 6th. Shareholders of record on Thursday, December 29th will be paid a dividend of GBX 4.85 ($0.06) per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a yield of 1.28%.

In other news, insider Mike Inglis purchased 1,400 shares of the company’s stock in a transaction on Wednesday, November 9th. The shares were acquired at an average price of GBX 354 ($4.42) per share, for a total transaction of £4,956 ($6,191.90).

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