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BT Group: Credit Suisse cuts target price

( - 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.

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