BT Group stock trades at GBp 197.40 after target rises

Published on 09/28/2026 at 10:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BT Group stock reached GBp 197.40 on September 28, 2026, after Bernstein lifted its target to GBp 235.00. Q2 adjusted EBITDA fell 1 percent year over year.

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BT Group stock (ISIN GB0030913577) was trading at GBp 197.40 on the London Stock Exchange on September 28, 2026, up 0.43 percent from the prior close of GBp 196.55. The latest analyst signal is constructive: TrustFinance reported on September 25, 2026, that Bernstein named BT Group its European telecom top pick and raised its price target to GBp 235.00 from GBp 230.00.

Bernstein raises target to GBp 235.00

The revised target is GBp 37.60, or 19.05 percent, above the September 28 trading price. Bernstein kept its Outperform rating, citing a shift toward stabilization and cash flow growth as BT Group simplifies its portfolio.

The price action remains measured rather than forceful. BT Group traded between GBp 196.55 and GBp 198.75 during the September 28 session, while volume stood at 497,293 shares at the quoted time.

Q2 EBITDA declines 1 percent

Operationally, the latest quarterly picture is mixed. Morningstar wrote on September 1, 2026, that BT Group delivered flat year-over-year adjusted revenue in its most recent Q2 results, while adjusted EBITDA declined 1 percent.

Morningstar also reported 192,000 Openreach line losses in Q2 and said BT Group expects the figure to reach 800,000 by year-end. That operating measure matters because customer migration from copper to full fiber and competition from other broadband providers directly affect Openreach revenue and EBITDA.

Stock stays below the yearly high

BT Group's 52-week range was GBp 173.00 to GBp 242.09 on September 28, leaving the quoted price 18.46 percent below the yearly high. Market capitalization stood at GBP 19.2 billion, giving the analyst target a clear valuation checkpoint while investors weigh cost control against network investment.

BT Group describes itself as the UK's leading telecommunications and network provider, with Openreach, Consumer, Business and International operations. The investment case therefore hinges on whether improving fiber connections and cost transformation can offset line losses and the pressure visible in the latest EBITDA comparison.

BT Group stock trades at GBp 197.40

BT Group stock was last quoted at GBp 197.40 on the London Stock Exchange on September 28, 2026, at 9:01 a.m. London time. Its 52-week range was GBp 173.00 to GBp 242.09.