BT Group plc’s (BT.A) Sell Rating Reiterated at Deutsche Bank AG
Deutsche Bank AG reiterated their sell rating on shares of BT Group plc (LON:BT.A) in a report released on Monday morning. They currently have a GBX 345 ($4.28) price objective on the communications services company’s stock.
BT.A has been the topic of several other reports. Goldman Sachs Group Inc. reiterated a conviction-buy rating on shares of BT Group plc in a research note on Friday, September 2nd. Societe Generale reiterated a buy rating and issued a GBX 500 ($6.20) price objective on shares of BT Group plc in a research note on Wednesday, November 2nd. Macquarie cut their price target on BT Group plc from GBX 360 ($4.47) to GBX 310 ($3.85) and set an underperform rating on the stock in a research note on Monday, October 10th. Citigroup Inc. restated a buy rating and issued a GBX 460 ($5.71) price target on shares of BT Group plc in a research note on Wednesday, October 19th. Finally, HSBC raised their price target on BT Group plc from GBX 460 ($5.71) to GBX 470 ($5.83) and gave the company a buy rating in a research note on Friday, November 11th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. BT Group plc currently has a consensus rating of Hold and a consensus price target of GBX 468.21 ($5.81).
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The business also recently disclosed a dividend, which will be paid on Monday, February 6th. Stockholders of record on Thursday, December 29th will be paid a dividend of GBX 4.85 ($0.06) per share. The ex-dividend date is Thursday, December 29th. This represents a dividend yield of 1.28%.
In related news, insider Mike Inglis acquired 1,400 shares of the stock in a transaction dated Wednesday, November 9th. The stock was bought at an average cost of GBX 354 ($4.39) per share, with a total value of £4,956 ($6,148.12).
About BT Group plc
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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