BT Group: Credit Suisse cuts target price
(CercleFinance.com) - Credit Suisse reinstates its "outperform" rating on the BT Group share, while reducing its corresponding target price from 270 pence to 190 pence (current price: 121.
5 pence), based on the telecoms operator's expected return to EBITDA growth for the financial year 2022.
Analysts still expect a return to growth in EBITDA, with just one year behind its previous estimates, due to the ST impacts of Covid-19 on world sporting events and the UK economy.
They hence expect EBITDA to grow by 1% between FY 2020 and 2023, reaching 8 billion pounds, and see the consensus as being too pessimistic, anticipating a 4% fall over the same period.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
5 pence), based on the telecoms operator's expected return to EBITDA growth for the financial year 2022.
Analysts still expect a return to growth in EBITDA, with just one year behind its previous estimates, due to the ST impacts of Covid-19 on world sporting events and the UK economy.
They hence expect EBITDA to grow by 1% between FY 2020 and 2023, reaching 8 billion pounds, and see the consensus as being too pessimistic, anticipating a 4% fall over the same period.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.