Director dealings: BT CEO snaps up shares

7th Jun 2019 15:43

(Sharecast News) - BT revealed on Friday that new chief executive Philp Jansen had acquired 1.48m ordinary shares in the FTSE 100-listed telco giant.Jansen, who joined BT from Worldpay back in February, purchased the shares on Thursday at an average price of 202p each, for a total value of £2.99m.Deutsche Bank reduced their target price on BT in May, cutting the firm from 235p to 217p due to the short to medium term uncertainty around its financials as it gears up to meet its long-term ambitions in the fibre-to-the-home space.Analyst Robert Grindle stuck to a 'hold' recommendation on the shares, telling clients that: "CEO Phillip Jansen is right to focus minds on the need for BT to do more, faster on FTTH."He also praised Jansen for seeking the best possible conditions from the regulator and government for an expensive build programme that raises BT's ambitions to 15m homes installed by the mid-2020s vs 10m previously.As of 1620 BST, BT shares were up 2.42% at 207.15p.Top Director BuysBt Group (BT.A)Director name: Jansen ,Philip Amount purchased: 1,484,413 @ 202.00pValue: £2,998,514.23Dunedin Enterprise Investment Trust (DNE)Director name: Finlayson,BrianAmount purchased: 9,000 @ 380.80pValue: £34,272.00Shoe Zone (SHOE)Director name: Davis ,Nicholas (Nick)Amount purchased: 15,000 @ 199.50pValue: £29,925.00Dunedin Enterprise Investment Trust (DNE)Director name: Finlayson,BrianAmount purchased: 6,000 @ 380.64pValue: £22,838.40Share Plc (SHRE)Director name: Thomas ,Gareth Amount purchased: 60,511 @ 33.05pValue: £19,998.89Tiziana Life Sciences (TILS)Director name: Cerrone,GabrieleAmount purchased: 5,500 @ 60.00pValue: £3,300.00Tiziana Life Sciences (TILS)Director name: Cerrone,GabrieleAmount purchased: 5,000 @ 66.00pValue: £3,300.00Judges Scientific (JDG)Director name: Lavelle,Mark Amount purchased: 10 @ 3,120.00pValue: £312.00Judges Scientific (JDG)Director name: Ormsby,Bradley LeonardAmount purchased: 10 @ 3,120.00pValue: £312.00Judges Scientific (JDG)Director name: Cicurel,DavidAmount purchased: 10 @ 3,120.00pValue: £312.00Cmc Markets (CMCX)Director name: Fineberg,DavidAmount purchased: 332 @ 90.00pValue: £298.80Primary Health Properties (PHP)Director name: Hyman,Harry AbrahamAmount purchased: 72 @ 135.50pValue: £97.56Primary Health Properties (PHP)Director name: Hyman,Harry AbrahamAmount purchased: 72 @ 135.50pValue: £97.56Top Director SellsIntermediate Capital Group (ICP)Director name: Keller,PhilipAmount sold: 100,000 @ 1,339.00pValue: £1,339,000.03Schroders (SDR)Director name: Keers,RichardAmount sold: 19,656 @ 2,911.05pValue: £572,195.99Helical (HLCL)Director name: Murphy,TimAmount sold: 35,000 @ 362.50pValue: £126,875.00Henry Boot (BOOT)Director name: Sutcliffe,John TAmount sold: 30,000 @ 251.40pValue: £75,420.00Share Plc (SHRE)Director name: Thomas ,Gareth Amount sold: 66,610 @ 33.00pValue: £21,981.30