BT Group PLC (BT) Sets New 52-Week Low at $16.23

BT Group PLC (NYSE:BT)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $16.23 and last traded at $16.53, with a volume of 529400 shares. The stock had previously closed at $16.58.

A number of equities analysts recently commented on the stock. Credit Suisse Group reduced their price objective on shares of BT Group PLC from GBX 320 ($4.21) to GBX 280 ($3.68) and set a “neutral” rating for the company in a research note on Tuesday, November 7th. Beaufort Securities downgraded shares of BT Group PLC to a “hold” rating and reduced their price objective for the stock from GBX 340 ($4.47) to GBX 265 ($3.49) in a research note on Friday, November 3rd. Deutsche Bank AG reissued a “sell” rating and issued a GBX 265 ($3.49) price objective on shares of BT Group PLC in a research note on Wednesday, November 1st. Numis Securities Ltd reissued a “buy” rating and issued a GBX 390 ($5.13) price objective on shares of BT Group PLC in a research note on Tuesday, October 31st. Finally, Zacks Investment Research downgraded shares of BT Group PLC from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $317.18.

The firm has a market capitalization of $32,191.60, a price-to-earnings ratio of 8.97, a price-to-earnings-growth ratio of 4.53 and a beta of 0.98. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 0.83.

The business also recently disclosed a None dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.297 per share. This represents a dividend yield of 3.84%. The ex-dividend date is Thursday, December 28th. BT Group PLC’s dividend payout ratio (DPR) is presently 91.35%.

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new stake in BT Group PLC in the second quarter valued at $129,000. Creative Planning boosted 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 valued at $131,000 after purchasing an additional 377 shares during the last quarter. Stephens Inc. AR boosted 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 valued at $217,000 after purchasing an additional 343 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in BT Group PLC in the third quarter valued at $224,000. Finally, WealthTrust Axiom LLC purchased a new stake in BT Group PLC in the second quarter valued at $227,000. 0.99% of the stock is currently owned by institutional investors.

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