BNP Paribas Reiterates Neutral Rating for BT Group plc (BT.A)
BT Group plc (LON:BT.A)‘s stock had its “neutral” rating reaffirmed by stock analysts at BNP Paribas in a report released on Tuesday. They presently have a GBX 395 ($4.90) target price on the communications services company’s stock.
Other equities research analysts have also issued reports about the company. Societe Generale reaffirmed a “buy” rating and issued a GBX 500 ($6.20) price objective on shares of BT Group plc in a research note on Tuesday, August 9th. HSBC reaffirmed a “buy” rating and issued a GBX 480 ($5.95) price objective on shares of BT Group plc in a research note on Friday, August 5th. Haitong Bank lowered their price objective on BT Group plc from GBX 600 ($7.44) to GBX 560 ($6.95) and set a “buy” rating for the company in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. set a GBX 490 ($6.08) price objective on BT Group plc and gave the company a “buy” rating in a research note on Monday, August 1st. Finally, Goldman Sachs Group Inc. set a GBX 560 ($6.95) price objective on BT Group plc and gave the company a “buy” rating in a research note on Thursday, September 22nd. Five analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 468.21 ($5.81).
The firm also recently declared a dividend, which will be paid on Monday, February 6th. Investors of record on Thursday, December 29th will be paid a GBX 4.85 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, December 29th. This represents a dividend yield of 1.28%.
In other BT Group plc news, insider Mike Inglis purchased 1,400 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The stock was purchased at an average price of GBX 354 ($4.39) per share, for a total transaction of £4,956 ($6,148.12).
BT Group plc Company Profile
BT Group plc is a communications services company. The Company’s activities are the provision of fixed-line services, broadband, mobile and television products and services, as well as managed networked information technology (IT) services in both the United Kingdom and across the globe. The Company operates in five segments: BT Global Services, BT Business, BT Consumer, BT Wholesale and Openreach.
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