BT Group (LON:BT.A) Stock Rating Reaffirmed as Buy by Berenberg Bank

BT Group (LON:BT.A)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a report released on Thursday, London Stock Exchange reports. They currently have a GBX 300 target price on the communications services company’s stock. Berenberg Bank‘s price target would indicate a potential upside of 38.25% from the stock’s previous close.

Separately, Citigroup reduced their target price on shares of BT Group from GBX 175 to GBX 165 and set a “sell” rating on the stock in a report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 231.25.

BT Group Stock Down 6.4%

BT Group stock opened at GBX 217 on Thursday. The firm has a market capitalization of £21.38 billion, a P/E ratio of 20.09, a P/E/G ratio of 0.38 and a beta of 0.69. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 187.58. BT Group has a twelve month low of GBX 173 and a twelve month high of GBX 247.30. The stock’s fifty day simple moving average is GBX 204.65 and its 200-day simple moving average is GBX 205.83.

BT Group (LON:BT.A) last released its earnings results on Thursday, November 5th. The communications services company reported GBX 9.70 EPS for the quarter. BT Group had a return on equity of 6.33% and a net margin of 4.11%. The firm had revenue of GBX 875.30 billion during the quarter. As a group, equities analysts expect that BT Group will post 19.12 earnings per share for the current fiscal year.

Key BT Group News

Here are the key news stories impacting BT Group this week:

• Positive Sentiment: BT reported a 12% increase in first-half pretax profit to £1.07 billion, raised its interim dividend and maintained its outlook. The company also benefited from record fibre take-up and a narrowing pension deficit. These results helped lift the shares after the announcement. Article: BT Group Reports 12% Rise in Half-Year Pretax Profit
• Positive Sentiment: Berenberg reaffirmed its buy rating and set a GBX 300 price target, indicating a more optimistic view of BT’s prospects. Berenberg recommendations
• Neutral Sentiment: BT plans to cut nearly 8,000 jobs as part of a broad cost-saving programme. Lower costs could benefit profitability, but the scale of reductions may bring execution and workforce risks. Article: BT cuts almost 8,000 jobs
• Negative Sentiment: Deutsche Bank reaffirmed its sell rating and assigned a GBX 150 target, well below the recent trading level, potentially weighing on sentiment. Deutsche Bank recommendations
• Negative Sentiment: Openreach is expected to miss its 25 million fibre-broadband rollout target by year-end, though BT expects to reach the milestone in March. The delay could raise questions about rollout pace. Article: BT to miss Openreach fibre rollout target

BT Group Company Profile

BT Group is the UK’s leading provider of fixed and mobile telecommunications and related secure digital products, solutions and services.

BT Group consists of four customer-facing units: Consumer serves individuals and families in the UK; Business covers companies and public services in the UK; International serves multinational organisations headquartered outside the UK and overseas public sector customers; Openreach is an independently governed, wholly owned subsidiary wholesaling fixed access infrastructure services to its customers – over 700 communications providers across the UK.
British Telecommunications Limited is a wholly owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group.