HSBC set a GBX 580 ($8.28) price objective on BT Group plc (LON:BT.A) in a research note published on Friday morning, ARN reports. The brokerage currently has a a buy rating on the communications services company’s stock.

In other news, insider Inglis,Mike bought 1,200 shares of the stock in a transaction on Monday, November 2nd. The shares were bought at an average price of GBX 464 ($6.62) per share, with a total value of £5,568 ($7,944.07). Also, insider Chanmugam,Tony sold 80,000 shares of the company’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of GBX 470 ($6.71), for a total value of £376,000 ($536,453.13).

Several other brokerages have also recently issued reports on BT.A. Deutsche Bank reiterated a hold rating and issued a GBX 450 ($6.42) price objective on shares of BT Group plc in a research note on Thursday, October 22nd. Credit Suisse reiterated an outperform rating and issued a GBX 510 ($7.28) price objective on shares of BT Group plc in a research note on Monday, October 19th. Societe Generale reiterated a buy rating and issued a GBX 550 ($7.85) price objective on shares of BT Group plc in a research note on Monday, October 19th. Nomura reiterated a neutral rating and issued a GBX 490 ($6.99) price objective on shares of BT Group plc in a research note on Friday, October 16th. Finally, Jefferies Group reiterated a buy rating and issued a GBX 515 ($7.35) price objective on shares of BT Group plc in a research note on Thursday, October 15th. Five investment analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. BT Group plc presently has an average rating of Hold and a consensus target price of GBX 513.78 ($7.33).

The company also recently announced a dividend, which will be paid on Monday, February 8th. Shareholders of record on Thursday, December 24th will be issued a GBX 4.40 ($0.06) dividend. This represents a yield of 0.94%. The ex-dividend date is Thursday, December 24th.

BT Group plc is a communications services company. The Company’s activities are the provision of fixed-line services, broadband, mobile and television products and services, as well as managed networked information technology (LON:BT) services in both the United Kingdom and across the globe. The Company operates in five segments: BT Global Services, BT Business, BT Consumer, BT Wholesale and Openreach. BT Global Services is engaged in managed networked IT services. BT Business provides communications and IT services in the United Kingdom and the Republic of Ireland (RoI). BT Consumer segment is a provider of fixed-voice and broadband services in the United Kingdom. BT Wholesale provides services in Great Britain to more than 1,400 communications providers (CPs). Openreach provide services, such as copper and fiber connections between its exchanges and homes, and businesses.

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