Here’s why I think the BT share price could hit 200p by year-end
Image source: BT Group plc
Over the past year, the BT (LSE:BT.A) share price has rocketed 25% higher. It hit 52-week highs in April, and at 166p it’s not far away from jumping further still. For some investors, 200p is the next big level to try and reach before the end of this year. Here are a few reasons why this might not be a crazy idea.
The experts agree
Some large institutions have a positive outlook on the company. For example, the target 12-month share price from the HSBC team is 220p, and Morgan Stanley is targeting 225p. This kind of backing from the experts is a good sign.
Of course, the analysts’ views are still subjective. It doesn’t mean for sure that the stock is going to trade to 200p and…
