BT Group (BT.A)

Sector:

Telecom Operators

Index:

FTSE 100

138.25p
   
  • Change Today:
    -1.50p
  • 52 Week High: 150.55p
  • 52 Week Low: 102.30p
  • Currency: UK Pounds
  • Shares Issued: 9,955m
  • Volume: 15,790,408
  • Market Cap: £13,763m
  • RiskGrade: 170

JP Morgan raises target price for BT Group, says shares set to resume upwards journey

By Alexander Bueso

Date: Monday 08 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at JP Morgan raised their target price for shares of BT Group from 235.0p to 255.0p, telling clients that the shares were set to resume its "journey towards fresh all-time highs".
Admittedly, over the preceding 12 months investors had endured an "intense rollercoaster" ride, JP Morgan said.

The stock price had more than doubled from 100.0p in October 2020 to 200.0p by June 2021 to the improved regulatory backdrop, only to then yield over two-thirds of those gains due to worries around Virgin Media's fibre/wholesale ambitions.

But the company's second quarter update had shown that BT had lowered its cumulative fibre capex envelope, guiding towards a boost to equity free cash flows in excess of £1.5bn by 2030 on the back of reductions in operating and capital expenditures alone.

On top of that, all divisions were now seen to be on track for sustainable revenue and margin gains and the tax loss carry forward was increased from £4bn to £5bn.

Furthermore, in parallel, at its third quarter results, Liberty had left investors questioning if Virgin Media would really expand Lightning o 22m homes or win a major wholesale deal, they added.

Hence, they raised their long-term estimates for the company's earnings before interest, taxes, depreciation and amortisation by 4% per annum and their estimate for its EFCF by 7-20% per annum.

They also now saw EFCF more than trebling from £1.2bn for the year ending in March 2022 to £3.7bn for that finishing in March 2030, for a long-term yield of 20%.

The analysts kept their recommendation for the shares at 'overweight'.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BT Market Data

Currency UK Pounds
Share Price 138.25p
Change Today -1.50p
% Change -1.07 %
52 Week High 150.55p
52 Week Low 102.30p
Volume 15,790,408
Shares Issued 9,955m
Market Cap £13,763m
RiskGrade 170

BT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.63% above the market average76.63% above the market average76.63% above the market average76.63% above the market average76.63% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
68.96% above the market average68.96% above the market average68.96% above the market average68.96% above the market average68.96% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
74.03% above the market average74.03% above the market average74.03% above the market average74.03% above the market average74.03% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
81.54% below the market average81.54% below the market average81.54% below the market average81.54% below the market average81.54% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average

What The Brokers Say

Strong Buy 6
Buy 7
Neutral 3
Sell 1
Strong Sell 1
Total 18
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BT Dividends

  Latest Previous
  Final Interim
Ex-Div 08-Aug-24 28-Dec-23
Paid 11-Sep-24 02-Feb-24
Amount 5.69p 2.31p

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 6,624 @ 138.25p
16:35 29,411 @ 138.25p
16:35 8,113 @ 138.25p
16:35 45,829 @ 138.25p
16:35 73,489 @ 138.25p

BT Key Personnel

CFO Simon Lowth
CEO Allison Kirkby
Chair Adam Crozier

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