Why I think the BT Group share price could collapse through 200p in 2019. Having been a long-term bear when it comes to BT Group (LSE: BT-A), I wasn’t shocked to see the telecoms titan’s share price drop in 2018. A similar percentage decline would see it fall to around 212p, dragging it perilously close to the psychologically-critical level of 200p. And I believe a drop through this level, which would itself likely result in huge swathes of selling pressure, is a very real possibility in 2019. BT’s descent last year would have been worse had it not been for the mild euphoria stoked up by the announcement that chief executive Gavin Patterson would be replaced by Philip Jansen next month. But investor appetite soured severely in December and the business failed to join in with the broader FTSE 100 rally this month, too, reflecting investor jitters over the state of Brexit negotiations.
1 other references
Latest Stories From Referenced Companies
Jan 18, 2019