UBS Group set a GBX 330 ($4.63) price target on BT Group (LON:BT.A) in a research report sent to investors on Thursday, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the communications services company’s stock.
A number of other research analysts have also recently issued reports on the stock. Deutsche Bank reaffirmed a sell rating and issued a GBX 265 ($3.72) target price on shares of BT Group in a report on Wednesday, November 1st. Barclays set a GBX 420 ($5.89) price target on shares of BT Group and gave the company a buy rating in a research report on Wednesday, November 8th. Numis Securities reiterated a buy rating and issued a GBX 390 ($5.47) price target on shares of BT Group in a research report on Tuesday, October 24th. Beaufort Securities lowered shares of BT Group to a hold rating and lowered their price target for the company from GBX 340 ($4.77) to GBX 265 ($3.72) in a research report on Friday, November 3rd. Finally, Credit Suisse Group lowered their price target on shares of BT Group from GBX 320 ($4.49) to GBX 280 ($3.93) and set a neutral rating on the stock in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. BT Group presently has an average rating of Hold and a consensus target price of GBX 325.95 ($4.57).
Shares of BT Group (LON BT.A) traded down GBX 4.55 ($0.06) during trading on Thursday, reaching GBX 230.95 ($3.24). 23,510,000 shares of the company’s stock were exchanged, compared to its average volume of 19,940,000. BT Group has a 12 month low of GBX 230.16 ($3.23) and a 12 month high of GBX 349.20 ($4.90). The stock has a market capitalization of $22,910.00 and a PE ratio of 1,358.53.
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BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as managed networked information technology (IT) solutions and cyber security protection. Its segments include Consumer, which provides fixed-voice, broadband, TV and mobile services; EE, which is a mobile network operator in the United Kingdom and provides mobile and fixed communications services to consumers; Business and Public Sector, which provides communications and IT services to businesses and the public sector in the United Kingdom and the Republic of Ireland (RoI) ;Global Services, which provides managed networked IT services to corporate customers; Wholesale and Ventures, which provides fixed and mobile services to communications providers (CPs); and Openreach, which provides copper and fiber connections between its exchanges and homes and businesses.
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