Barclays PLC Lowers BT Group PLC (BT) Price Target to GBX 450

BT Group PLC (NYSE:BT) had its price objective decreased by Barclays PLC from GBX 475 ($6.01) to GBX 450 ($5.69) in a report issued on Friday, May 12th, StockTargetPrices.com reports. Barclays PLC currently has an overweight rating on the utilities provider’s stock.

Several other research analysts also recently commented on the stock. Zacks Investment Research raised shares of BT Group PLC from a sell rating to a hold rating in a report on Monday, April 17th. Deutsche Bank AG reissued a sell rating on shares of BT Group PLC in a report on Friday, April 28th. J P Morgan Chase & Co reissued a neutral rating and issued a GBX 330 ($4.17) price target on shares of BT Group PLC in a report on Monday, March 13th. Credit Suisse Group reaffirmed a neutral rating and set a GBX 340 ($4.30) price objective on shares of BT Group PLC in a report on Friday, April 21st. Finally, Royal Bank Of Canada reaffirmed an outperform rating and set a GBX 465 ($5.88) price objective on shares of BT Group PLC in a report on Tuesday, March 7th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $344.59.

BT Group PLC (BT) traded down 0.58% on Friday, hitting $18.92. The stock had a trading volume of 1,264,608 shares. The company has a market capitalization of $37.43 billion, a PE ratio of 15.44 and a beta of 1.03. The company has a 50 day moving average of $19.92 and a 200 day moving average of $20.87. BT Group PLC has a 12-month low of $18.78 and a 12-month high of $32.85.

BT Group PLC (NYSE:BT) last released its quarterly earnings data on Wednesday, May 10th. The utilities provider reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The company had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.88 billion. BT Group PLC had a net margin of 8.48% and a return on equity of 36.64%. On average, equities analysts expect that BT Group PLC will post $3.83 earnings per share for the current year.

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The firm also recently announced a semiannual dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Friday, August 11th will be issued a dividend of $0.6804 per share. The ex-dividend date is Wednesday, August 9th. This represents a yield of 6.86%. BT Group PLC’s dividend payout ratio is currently 70.87%.

Hedge funds have recently made changes to their positions in the stock. Capstone Asset Management Co. boosted its stake in shares of BT Group PLC by 6.8% in the first quarter. Capstone Asset Management Co. now owns 163,993 shares of the utilities provider’s stock worth $3,295,000 after buying an additional 10,420 shares in the last quarter. FMR LLC boosted its stake in shares of BT Group PLC by 15.9% in the fourth quarter. FMR LLC now owns 399,758 shares of the utilities provider’s stock worth $9,206,000 after buying an additional 54,830 shares during the period. Bollard Group LLC boosted its stake in shares of BT Group PLC by 1.4% in the first quarter. Bollard Group LLC now owns 46,540 shares of the utilities provider’s stock worth $935,000 after buying an additional 664 shares during the period. Stevens Capital Management LP boosted its stake in shares of BT Group PLC by 122.8% in the first quarter. Stevens Capital Management LP now owns 24,556 shares of the utilities provider’s stock worth $493,000 after buying an additional 13,536 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of BT Group PLC by 252.2% in the first quarter. Bank of Montreal Can now owns 46,862 shares of the utilities provider’s stock worth $941,000 after buying an additional 33,555 shares during the period. 1.01% of the stock is owned by institutional investors and hedge funds.

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