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Share Price Information for BT (BT.A)

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Share Price: 109.65
Bid: 109.65
Ask: 109.70
Change: 0.00 (0.00%)
Spread: 0.05 (0.046%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 109.65
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Broker tips: Ocado, ASOS, BT Group

Fri, 10th May 2013 13:58

Following today´s AGM statement from on-line grocer Ocado analysts at Panmure Gordon believe there is an increased chance that it will reach a deal with peer Morrison.On the basis that this new revenue stream is worth as much as 'core' Ocado then the company´s valuation ought to be twice what it is at present, which yields a target price for its shares of 100p, to which one must add a bid premium - although the broker defines it as a 'grand assumption.' Hence Panmure´s new target price for Ocado of 130p, versus 50p previously.However, Ocado is currently priced at a generous 1.5 times its fiscal year 2013 sales, compared with 0.4 times at Sainsbury. In terms of enterprise value/earnings before interest, taxes, depreciation and amortisation costs (EV/EBITDA) it trades at 31 times. Sainsbury is at only 7 times, although ASOS is - admittedly - at 40 times. However, the latter is growing globally, is profitable, cash generative and with a very high return on capital employed (ROCE), analysts´ oft-preferred measure of a company´s profitability. "The Ocado share price has, therefore, priced in significant new revenue streams, which seems optimistic to us, to say the least," Panmure concludes. For that same reason Panmure continues to tell its clients to "sell."'Better impossible' may be the most apt title for UBS´s research note on Friday morning for retailer ASOS, except for the fact that it could conceivably get even better. In their own words, "ASOS is in a structural sweet-spot, with global exposure to the fastest growing segment of the clothing market. Management is focused on the long-term growth drivers of the business and, in our view, correctly strikes the balance between disruptive pricing, long term investment in the business and maintaining a sustainable earnings before interest and taxes (EBIT) margin."It is therefore little wonder that the Swiss broker has decided to re-start its coverage of the firm with a 'buy' rating. In fact, its analysts add that the next key launch markets of Russia and China could see further upside to their forecasts.The target price? 4,500p. BT reported very strong results on Friday morning with free-cash-flow (FCF) now expected to increase to £2.6bn by fiscal year 2015 (circa +7.5% ahead of consensus estimates) despite BT's heavy investment in BT Sport, analysts at Bank of America Merrill Lynch (BAML) highlighted. With fibre deployment still accelerating (and take-up likely to be helped by BT Sport), copper lines growing, a healthy order book in both GS and Wholesale, and mobile spectrum to differentiate its products, BT now looks to be within striking distance of its ambition to return to top line growth (in fiscal year 2015 by BAML estimates), Bank of America continued in a research note issued following the company´s release. "With the story reliant on cost cutting for the past few years, a return to growth (which is enabled by investment paid for by efficiency savings) could lead to a re-rating by the market in our view," they added.The broker raised its fiscal year 2015 earnings per share estimates for the company by 15%.As a result of all of the above they also upgraded shares of BT to 'buy', from 'neutral,' with a 325p price target, versus 275p before.AB
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28 Mar 2024 15:46

IN BRIEF: BT Group CEO Allison Kirkby buys GBP55,000 in shares

BT Group PLC - London-based telecommunications operator - Chief Executive Allison Kirkby buys 50,000 shares at GBP1.09 each, worth GBP54,500, in London on Thursday.

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4 Mar 2024 11:52

LONDON MARKET MIDDAY: Stocks mostly lower ahead of UK Spring budget

(Alliance News) - Stock prices in London were mostly lower at midday Monday, as the week started off on a quiet note ahead of a busy week of monetary policy decisions and economic data from across the globe.

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4 Mar 2024 08:59

LONDON BROKER RATINGS: Jefferies says buy BP; UBS says buy Compass

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4 Mar 2024 07:41

LONDON BRIEFING: Stocks called down; attention on UK's spring budget

(Alliance News) - Stocks in London are called to open lower, ahead of a busy week of economic news.

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21 Feb 2024 15:01

London close: Stocks mixed ahead of Fed minutes, Nvidia results

(Sharecast News) - London's stock markets closed with a mixed performance on Wednesday, as investors awaited updates from the US Federal Reserve and results from AI chipmaker Nvidia.

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21 Feb 2024 09:45

Iconic BT Tower to be turned into hotel in £275m deal

(Sharecast News) - BT Group said on Wednesday that it has agreed to sell the BT Tower to MCR Hotels for £275m.

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21 Feb 2024 09:03

BT Group to sell BT Tower to MCR Hotels for GBP275 million

(Alliance News) - BT Group PLC on Wednesday said that it has agreed to sell the BT Tower to MCR Hotels, which plans to preserve the building as a landmark hotel.

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20 Feb 2024 17:25

IN BRIEF: BT CEO Allison Kirkby buys GBP428,000 in shares

BT Group PLC - London-based telecommunications operator - Chief Executive Allison Kirkby buys 400,000 shares at GBP1.07 each, worth GBP428,000, in London on Tuesday.

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14 Feb 2024 15:17

PRESS: Brussels open to telecoms mergers to support investment - FT

(Alliance News) - Brussels has signalled it is open to European telecoms mergers to help fund the rollout of 5G and update ageing networks, a report said Wednesday.

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2 Feb 2024 16:59

London close: Stocks mixed as US payrolls come in red-hot

(Sharecast News) - London's stock markets closed with mixed results on Friday, as investors were confronted by an unexpectedly strong US labour market as revealed in the latest US non-farm payrolls report.

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2 Feb 2024 12:27

Citi trims estimates on BT, reiterates 'buy' rating

(Sharecast News) - Citi has trimmed its fourth-quarter estimates for BT Group while reiterating its 'buy' rating.

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1 Feb 2024 16:48

London close: Stocks turn lower as BoE keeps rates on hold

(Sharecast News) - London's financial markets finished in the red on Thursday, reversing earlier gains after the Bank of England maintained interest rates at current levels.

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1 Feb 2024 08:50

LONDON MARKET OPEN: Shells begins USD3.5 billion buyback; eyes on BoE

(Alliance News) - Stock prices in London opened mixed, ahead of the Bank of England's first interest rate decision of the year.

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1 Feb 2024 08:46

TOP NEWS: BT says on track for full year after third-quarter rise

(Alliance News) - BT Group PLC on Thursday said it is on track to meet its guidance for its current financial year, after slight growth in revenue and earnings in the third quarter that was partly thanks to price hikes.

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1 Feb 2024 07:42

LONDON BRIEFING: Shell profit falls; announces USD3.5 billion buyback

(Alliance News) - Stocks in London are set to follow New York into the red, after the US Federal Reserve quashed hopes of a March cut to interest rates and ahead of the Bank of England interest rate decision.

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