BT Group plc (BT) Price Target Cut to GBX 340

BT Group plc (NYSE:BT) had its price target decreased by Beaufort Securities from GBX 390 ($5.03) to GBX 340 ($4.39) in a research report released on Friday. Beaufort Securities currently has a buy rating on the utilities provider’s stock.

A number of other equities research analysts have also commented on BT. Jefferies Group LLC reiterated 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. Macquarie reiterated a neutral rating and issued a GBX 270 ($3.49) target price on shares of BT Group plc in a research report on Monday, May 8th. Zacks Investment Research upgraded BT Group plc from a sell rating to a buy rating and set a $23.00 target price on the stock in a research report on Monday, May 8th. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 330 ($4.26) target price on shares of BT Group plc in a research report on Friday, April 21st. Finally, HSBC Holdings plc reiterated a buy rating and issued a GBX 425 ($5.49) target price on shares of BT Group plc in a research report on Tuesday, February 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $349.47.

Analyst Recommendations for BT Group plc (NYSE:BT)

BT Group plc (NYSE:BT) opened at 20.19 on Friday. The company has a 50 day moving average of $19.95 and a 200-day moving average of $21.32. The stock has a market cap of $40.15 billion, a P/E ratio of 13.20 and a beta of 1.07. BT Group plc has a 12-month low of $19.14 and a 12-month high of $33.50.

BT Group plc (NYSE:BT) last issued its earnings results on Wednesday, May 10th. The utilities provider reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. The firm had revenue of $7.58 billion for 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 year.

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Several hedge funds have recently modified their holdings of the company. Menora Mivtachim Holdings LTD. bought a new stake in shares of BT Group plc during the fourth quarter worth about $115,000. Sei Investments Co. increased its stake in shares of BT Group plc by 31.0% in the third quarter. Sei Investments Co. now owns 5,412 shares of the utilities provider’s stock worth $137,000 after buying an additional 1,281 shares during the period. Riverhead Capital Management LLC increased its stake in shares of 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 worth $150,000 after buying an additional 5,086 shares during the period. Quadrant Capital Group LLC increased its stake in shares of 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 worth $145,000 after buying an additional 6,254 shares during the period. Finally, Rational Advisors LLC increased its stake in shares of BT Group plc by 14.3% in the first quarter. Rational Advisors LLC now owns 7,977 shares of the utilities provider’s stock worth $160,000 after buying an additional 997 shares during the period. 1.10% of the stock is owned by institutional investors and hedge funds.

BT Group plc Company Profile

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