--- title: "BT Group share price hits key level: can it surge to 200p?" description: "BT Group's share price has surged nearly 70% this year, reaching a high of 162.90p, a key resistance level. Despite a 3% revenue drop to £10.1 billion and a profit decline, the company is focusing on " type: "news" locale: "en" url: "https://longbridge.com/en/news/232368067.md" published_at: "2025-03-19T07:42:09.000Z" --- # BT Group share price hits key level: can it surge to 200p? > BT Group's share price has surged nearly 70% this year, reaching a high of 162.90p, a key resistance level. Despite a 3% revenue drop to £10.1 billion and a profit decline, the company is focusing on a turnaround strategy, including layoffs and AI integration. The stock has formed an ascending triangle pattern, indicating potential for further gains, with bulls targeting a rise to 200p, a significant psychological level. BT also maintains a progressive dividend policy, declaring 2.4p per share in its latest results. BT Group share price has done well this year, mirroring the performance of other popular UK stocks like Lloyds and Rolls-Royce. It jumped to a high of 162.90p on Tuesday, a key resistance where it has failed to move above in the past. It has jumped by almost 70% from its lowest point in 2024. ## BT Group’s business is doing well in a tough market BT Group, the parent company of EE and OpenReach, is doing well at a time when the British economy is slowing. Data released last week showed that the UK economy shrunk in January as consumer spending and business environment remained muted. BT Group’s business does well when the UK economy is thriving because it is one of the biggest telecom firms in the country. The most recent half-year results showed that BT Group’s revenue dropped by 3% to £10.1 billion. Its profit after tax dropped from £844 million to £755 million, while the earnings per share dropped to 7.5p. Most of BT Group’s slowdown is coming from its business brand, whose sales dropped by 6% to £3.86 billion. This business was formed by merging BT Global and its enterprise units. It created a single B2B unit where customers would get products like connectivity, networking and cloud, phone and mobile, and security services. BT Group’s consumer segment started to stabilize in the year’s first half, with its revenue falling by 1% to £4.83 billion. The management continues on a turnaround strategy focused on five pillars. It aims to grow the reach of its OpenReach business, gain consumer growth, digitize most of its operations, and optimize the portfolio and capital allocation. As part of the turnaround efforts, BT Group has announced plans to lay off thousands of workers in the next few years. It hopes to replace some of these workers with artificial intelligence tools. BT share price has also done well as the management insists that it will achieve its target. Its guidance is that the annual revenue will be down by between 1 and 2%, the adjusted EBITDA will be about £8.2 billion and capital expenditure will be less than £4.8 billion. BT Group share price has also done well because of its dividends. It declared a 2.4 pence per share in the last results and maintained that it will have a progressive policy that grows the payout each year. ## BT Group share price analysis The weekly chart shows that the BT share price has been in a slow uptrend in the past few months. It has jumped from last year’s low of 100p to a high of 161.20p, a notable level since it was the highest point in 2021, 2022, and 2023. BT Group has formed an ascending triangle pattern, a popular continuation sign. It has moved above all moving averages, and most recently, it formed a golden cross pattern as the 50-week and 200-week moving averages crossed each other. Oscillators like the Relative Strength Index (RSI) and the MACD have continued rising, a sign that it is gaining momentum. Therefore, the stock will likely keep soaring as bulls target the key resistance level at 200p. This price is both a psychological point and the highest level in 2018. It is about 25% above the current level. 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