BT Group PLC (NYSE:BT)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Group LLC in a note issued to investors on Tuesday. They presently have a GBX 280 ($3.78) price objective on the utilities provider’s stock.
BT has been the subject of a number of other reports. Zacks Investment Research raised shares of BT Group PLC from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Monday, August 28th. BidaskClub raised shares of BT Group PLC from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Citigroup Inc. reissued a “buy” rating on shares of BT Group PLC in a research report on Monday, May 29th. Deutsche Bank AG reissued a “sell” rating and issued a GBX 265 ($3.57) price objective on shares of BT Group PLC in a research report on Thursday, August 24th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 330 ($4.45) price objective on shares of BT Group PLC in a research report on Thursday, June 8th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. BT Group PLC currently has a consensus rating of “Hold” and a consensus target price of $340.06.
Shares of BT Group PLC (NYSE:BT) opened at 19.54 on Tuesday. The firm’s 50-day moving average price is $19.48 and its 200-day moving average price is $19.76. BT Group PLC has a one year low of $18.06 and a one year high of $26.35. The stock has a market capitalization of $38.84 billion, a P/E ratio of 18.79 and a beta of 1.06.
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Hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. bought a new position in BT Group PLC in the second quarter worth about $129,000. Creative Planning lifted its holdings in BT Group PLC by 5.9% in the second quarter. Creative Planning now owns 6,750 shares of the utilities provider’s stock worth $131,000 after acquiring an additional 377 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in BT Group PLC in the first quarter worth about $205,000. Stephens Inc. AR lifted its holdings in BT Group PLC by 3.2% in the second quarter. Stephens Inc. AR now owns 11,204 shares of the utilities provider’s stock worth $217,000 after acquiring an additional 343 shares during the last quarter. Finally, WealthTrust Axiom LLC bought a new position in BT Group PLC in the second quarter worth about $227,000. 0.99% of the stock is currently owned by hedge funds and other institutional investors.
BT Group PLC Company Profile
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