Berenberg Bank Cuts BT Group (OTCMKTS:BTGOF) Price Target to GBX 150

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

BTGOF has been the subject of several other reports. JPMorgan Chase & Co. lifted their price objective on shares of BT Group from GBX 275 ($3.42) to GBX 280 ($3.48) in a research note on Friday, April 14th. UBS Group boosted their price target on shares of BT Group from GBX 130 ($1.62) to GBX 135 ($1.68) in a report on Wednesday, February 8th. Finally, Barclays dropped 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.

BT Group Stock Performance

OTCMKTS:BTGOF opened at $1.80 on Tuesday. The company’s 50-day simple moving average is $1.85 and its 200-day simple moving average is $1.65. BT Group has a fifty-two week low of $1.25 and a fifty-two week high of $2.42.

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.