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Neighbour: Why I'm buying BT Group
BT Group enjoyed a good year in 2013 with shares up over 60 percent, according to Joe Neighbour from Central Markets. Therefore, he is looking to buy the stock at 382p.
Joe says the 50-day moving average shows a decent chance for buying and adds that the relative ratio against the FTSE 100 continues to support a bull case. The means he expects to see fresh highs.
As a result, his target for the mid-term is 450p and he's looking to place a stop around 363p.
In December, BT launched the BT Parental Controls, its network-based filter to help protect children online, covering all internet connected devices in the home.
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