Jefferies Financial Group Trims BT Group – CLASS A (LON:BT.A) Target Price to GBX 275
BT Group – CLASS A (LON:BT.A) had its price objective reduced by Jefferies Financial Group from GBX 330 ($4.34) to GBX 275 ($3.62) in a research note issued to investors on Thursday morning, Borsen Zeitung reports. They currently have a buy rating on the communications services company’s stock.
Several other equities analysts have also recently issued reports on the stock. Goldman Sachs Group reissued a buy rating and issued a GBX 255 ($3.35) price objective on shares of BT Group – CLASS A in a research note on Thursday, December 5th. Barclays restated an underweight rating on shares of BT Group – CLASS A in a research report on Monday, February 10th. Berenberg Bank decreased their target price on shares of BT Group – CLASS A from GBX 220 ($2.89) to GBX 175 ($2.30) and set a hold rating on the stock in a research report on Friday, February 7th. UBS Group restated a sell rating and set a GBX 140 ($1.84) target price (down from GBX 165 ($2.17)) on shares of BT Group – CLASS A in a research report on Wednesday, February 12th. Finally, Deutsche Bank decreased their target price on shares of BT Group – CLASS A from GBX 157 ($2.07) to GBX 146 ($1.92) and set a sell rating on the stock in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 205.92 ($2.71).
BT.A traded down GBX 3.36 ($0.04) during trading on Thursday, hitting GBX 126.08 ($1.66). The stock had a trading volume of 69,070,668 shares, compared to its average volume of 26,890,000. The company has a debt-to-equity ratio of 231.66, a quick ratio of 0.93 and a current ratio of 1.05. The firm has a market capitalization of $12.46 billion and a P/E ratio of 5.84. The company’s 50-day moving average price is GBX 142.43 and its 200 day moving average price is GBX 176.74. BT Group – CLASS A has a twelve month low of GBX 127.66 ($1.68) and a twelve month high of GBX 231.50 ($3.05).
BT Group plc provides communications services worldwide. Its Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers, online BT Shop, and Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages. The company's EE segment offers 2G, 3G, and 4G mobile network services; broadband, fixed-voice, and TV services; and postpaid and prepaid plans, and emergency services network.
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