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.
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”.
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.
This cannot be considered an investment advice!!