BT Group – 27.01.2017

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A man speaks on a mobile phone underneath a BT logo outside of offices in the City of London, Britain, January 24, 2017. REUTERS/Toby Melville

2016 wasn’t the greatest year for BT Group (FTSE: BT). The share price went close to 20% from  480p to 380s. It seems 2017 hasn’t been that good either. The share price has gone down over 20% in a day after the accounting scandals erupted in Italy.

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At this point we would like to remind you Warren Buffett’s one of the most famous phrases; “Buy the good companies which go through temporary trouble”.

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BT Group is trading at 303p at the moment. Thinking in Warren Buffett’s perspective, we believe BT provides an excellent buying opportunities at this level 303p). Our target  price is 334p.

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This cannot be considered an investment advice!!