BT Group plc’s (BT.A) Overweight Rating Reaffirmed at Barclays PLC

Barclays PLC reaffirmed their overweight rating on shares of BT Group plc (LON:BT.A) in a research report sent to investors on Tuesday, August 1st. Barclays PLC currently has a GBX 450 ($5.84) target price on the communications services company’s stock.

Other equities research analysts have also recently issued research reports about the company. HSBC Holdings plc decreased their price target on BT Group plc from GBX 420 ($5.45) to GBX 370 ($4.80) and set a buy rating for the company in a research note on Friday, April 21st. Morgan Stanley set a GBX 400 ($5.19) target price on BT Group plc and gave the stock a buy rating in a research note on Monday, April 3rd. Beaufort Securities decreased their target price on BT Group plc from GBX 390 ($5.06) to GBX 340 ($4.41) and set a buy rating for the company in a research note on Friday, May 12th. Royal Bank Of Canada set a GBX 410 ($5.32) target price on BT Group plc and gave the stock a buy rating in a research note on Friday, May 12th. Finally, Citigroup Inc. reiterated a buy rating on shares of BT Group plc in a report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. BT Group plc has an average rating of Hold and an average target price of GBX 352.75 ($4.58).

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In other news, insider Simon Lowth purchased 10,536 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was purchased at an average price of GBX 284 ($3.69) per share, with a total value of £29,922.24 ($38,844.92). Also, insider Tony Ball purchased 100,000 shares of the company’s stock in a transaction on Thursday, June 22nd. The shares were purchased at an average cost of GBX 282 ($3.66) per share, with a total value of £282,000 ($366,091.13). Insiders have purchased 113,903 shares of company stock valued at $32,185,489 in the last three months.

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