Credit Suisse Group Downgrades BT Group plc (BT.A) to Neutral

BT Group plc (LON:BT.A) was downgraded by analysts at Credit Suisse Group to a “neutral” rating in a research report issued on Monday. They presently have a GBX 310 ($4.11) price objective on the communications services company’s stock, down from their previous price objective of GBX 360 ($4.78).

BT.A has been the subject of several other research reports. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 265 ($3.52) target price on shares of BT Group plc in a research note on Tuesday, July 11th. UBS AG set a GBX 310 ($4.11) target price on shares of BT Group plc and gave the stock a “neutral” rating in a research note on Friday, July 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 410 ($5.44) target price on shares of BT Group plc in a research note on Monday, July 31st. HSBC Holdings plc set a GBX 360 ($4.78) target price on shares of BT Group plc and gave the stock a “buy” rating in a research note on Thursday, September 7th. Finally, Goldman Sachs Group, Inc. (The) set a GBX 340 ($4.51) target price on shares of BT Group plc and gave the stock a “neutral” rating in a research note on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 348.50 ($4.62).

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In other BT Group plc news, insider Isabel Hudson acquired 3,367 shares of the company’s stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of GBX 295 ($3.91) per share, with a total value of £9,932.65 ($13,175.02). Also, insider Sean Williams sold 18,945 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of GBX 313 ($4.15), for a total transaction of £59,297.85 ($78,654.80).

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