BT Group plc (NYSE:BT) had its price target lowered by Barclays PLC from GBX 475 ($6.13) to GBX 450 ($5.81) in a report published on Friday, StockTargetPrices.com reports. The firm currently has an overweight rating on the utilities provider’s stock.
A number of other brokerages have also weighed in on BT. Berenberg Bank decreased their target price on BT Group plc from GBX 400 ($5.16) to GBX 343 ($4.43) and set a hold rating for the company in a research report on Friday, May 5th. HSBC Holdings plc decreased their target price on BT Group plc from GBX 420 ($5.42) to GBX 370 ($4.78) and set a buy rating for the company in a research report on Friday, April 21st. Goldman Sachs Group Inc lowered BT Group plc from a buy rating to a neutral rating in a research report on Wednesday, March 8th. JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 330 ($4.26) target price on shares of BT Group plc in a research report on Monday, March 27th. Finally, Jefferies Group LLC reissued a hold rating and issued a GBX 325 ($4.20) target price on shares of BT Group plc in a research report on Thursday, May 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $349.47.
BT Group plc (NYSE:BT) opened at 20.19 on Friday. The company’s 50-day moving average is $19.95 and its 200 day moving average is $21.32. The company has a market cap of $40.15 billion, a price-to-earnings ratio of 13.20 and a beta of 1.07. BT Group plc has a 52-week low of $19.14 and a 52-week high of $33.50.
BT Group plc (NYSE:BT) last posted its quarterly earnings results on Wednesday, May 10th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.88 billion. BT Group plc had a return on equity of 35.80% and a net margin of 10.29%. Equities analysts forecast that BT Group plc will post $3.83 earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: “BT Group plc (BT) Given New GBX 450 Price Target at Barclays PLC” was reported by Community Financial News and is owned by of Community Financial News. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://www.com-unik.info/2017/05/18/bt-group-plc-bt-given-new-gbx-450-price-target-at-barclays-plc.html.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Menora Mivtachim Holdings LTD. acquired a new position in BT Group plc during the fourth quarter valued at $115,000. Sei Investments Co. increased its position in BT Group plc by 31.0% in the third quarter. Sei Investments Co. now owns 5,412 shares of the utilities provider’s stock valued at $137,000 after buying an additional 1,281 shares during the last quarter. Riverhead Capital Management LLC increased its position in BT Group plc by 624.8% in the third quarter. Riverhead Capital Management LLC now owns 5,900 shares of the utilities provider’s stock valued at $150,000 after buying an additional 5,086 shares during the last quarter. Quadrant Capital Group LLC increased its position in BT Group plc by 512.6% in the first quarter. Quadrant Capital Group LLC now owns 7,474 shares of the utilities provider’s stock valued at $145,000 after buying an additional 6,254 shares during the last quarter. Finally, Rational Advisors LLC increased its position in BT Group plc by 14.3% in the first quarter. Rational Advisors LLC now owns 7,977 shares of the utilities provider’s stock valued at $160,000 after buying an additional 997 shares during the last quarter. Institutional investors and hedge funds own 1.10% of the company’s stock.
BT Group plc Company Profile
What are top analysts saying about BT Group plc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for BT Group plc and related companies.