When will the BT share price reach £2?
Image source: BT Group plc
The BT Group (LSE:BT.A) share price has been on quite the rally in 2024. Since May, the telecommunications giant has seen its valuation jump 40% on the back of a rather promising earnings report. And based on current trends, it looks like the stock’s heading towards the £2 threshold.
While the firm still has a lot of challenges relating to its debt and pension plan, cost-cutting initiatives seem to be delivering results. £3bn of annual cost savings were successfully achieved a year ahead of schedule. And it seems management’s aiming to repeat this success once again by 2029.
Assuming this strategy’s successful, there’s a lot of potential margin expansion for shareholders. And…
