BT Group (OTCMKTS:BTGOF) PT Lowered to GBX 150

BT Group (OTCMKTS:BTGOF – Get Rating) had its target price trimmed by Berenberg Bank from GBX 160 ($1.99) to GBX 150 ($1.87) in a research report released on Tuesday morning, The Fly reports.

Several other research analysts have also recently commented on BTGOF. JPMorgan Chase & Co. raised their target price on shares of BT Group from GBX 275 ($3.42) to GBX 280 ($3.48) in a report on Friday, April 14th. Barclays lowered their target price on shares of BT Group from GBX 240 ($2.99) to GBX 225 ($2.80) in a report on Friday, May 19th. Finally, UBS Group raised their target price on shares of BT Group from GBX 130 ($1.62) to GBX 135 ($1.68) in a report on Wednesday, February 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $176.67.

BT Group Trading Up 4.4 %

Shares of BT Group stock opened at $1.88 on Tuesday. BT Group has a twelve month low of $1.25 and a twelve month high of $2.43. The company has a 50-day simple moving average of $1.85 and a two-hundred day simple moving average of $1.64.

About BT Group

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BT Group Plc is a holding company, which engages in the provision of communications services. It operates through the following segments: Consumer, Enterprise, Global, Openreach, and Other. The Consumer segment offers mobile, broadband, home phone, and television services. The Enterprise segment sells communications and information technology (IT) services to businesses and public sector organizations; and provides network products and services to communications.