BT Group – CLASS A (LON:BT.A) Reaches New 52-Week Low on Insider Selling

BT Group – CLASS A (LON:BT.A) shares hit a new 52-week low on Thursday following insider selling activity. The company traded as low as GBX 172.72 ($2.26) and last traded at GBX 174.20 ($2.28), with a volume of 2858583 shares trading hands. The stock had previously closed at GBX 173.62 ($2.27).

Specifically, insider Matthew Key bought 18,500 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of GBX 205 ($2.68) per share, for a total transaction of £37,925 ($49,555.73). Also, insider Jan du Plessis bought 876 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were purchased at an average price of GBX 205 ($2.68) per share, for a total transaction of £1,795.80 ($2,346.53). Insiders have bought a total of 1,528,789 shares of company stock worth $308,898,506 in the last quarter.

BT.A has been the topic of a number of analyst reports. Jefferies Financial Group lowered their target price on shares of BT Group – CLASS A from GBX 340 ($4.44) to GBX 325 ($4.25) and set a “buy” rating on the stock in a research note on Tuesday, May 21st. Credit Suisse Group set a GBX 280 ($3.66) price target on shares of BT Group – CLASS A and gave the company a “buy” rating in a report on Wednesday, July 10th. Societe Generale reduced their price target on shares of BT Group – CLASS A from GBX 360 ($4.70) to GBX 320 ($4.18) and set a “buy” rating on the stock in a report on Tuesday, May 28th. JPMorgan Chase & Co. set a GBX 290 ($3.79) price target on shares of BT Group – CLASS A and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Numis Securities reiterated a “buy” rating on shares of BT Group – CLASS A in a report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 270.50 ($3.53).

The company has a fifty day moving average price of GBX 192.27. The company has a debt-to-equity ratio of 165.99, a current ratio of 1.09 and a quick ratio of 0.88. The firm has a market cap of $17.09 billion and a PE ratio of 8.01.

BT Group – CLASS A Company Profile (LON:BT.A)

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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