BT Group PLC (NYSE:BT) had its target price cut by analysts at Beaufort Securities from GBX 390 ($4.93) to GBX 340 ($4.30) in a research note issued to investors on Friday, May 12th. The brokerage presently has a “buy” rating on the utilities provider’s stock.
Several other brokerages have also commented on BT. Haitong Bank restated an “under review” rating on shares of BT Group PLC in a report on Tuesday, January 24th. Zacks Investment Research downgraded shares of BT Group PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, January 17th. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 460 ($5.82) target price on shares of BT Group PLC in a research note on Friday, January 20th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 475 ($6.01) target price on shares of BT Group PLC in a research note on Monday, March 13th. Finally, Deutsche Bank AG reaffirmed a “sell” rating on shares of BT Group PLC in a research note on Monday, March 13th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target 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 firm has a market cap of $37.43 billion, a price-to-earnings ratio of 15.44 and a beta of 1.03. BT Group PLC has a 52-week low of $18.78 and a 52-week high of $32.85. The company’s 50 day moving average price is $19.92 and its 200 day moving average price is $20.87.
BT Group PLC (NYSE:BT) last issued its quarterly earnings data on Wednesday, May 10th. The utilities provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. BT Group PLC had a net margin of 8.48% and a return on equity of 36.64%. The firm had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.88 billion. Analysts expect that BT Group PLC will post $3.83 EPS for the current year.
The company also recently declared a semiannual dividend, which will be paid on Tuesday, September 12th. Stockholders 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 dividend yield of 6.86%. BT Group PLC’s dividend payout ratio (DPR) is presently 70.87%.
ILLEGAL ACTIVITY WARNING: “BT Group PLC (BT) Price Target Lowered to GBX 340 at Beaufort Securities” was reported by Community Financial News and is the property of of Community Financial News. If you are reading this story on another website, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this story can be viewed at https://www.com-unik.info/2017/06/17/bt-group-plc-bt-price-target-cut-to-gbx-340-updated-updated-updated.html.
Several large investors have recently modified their holdings of BT. Jane Street Group LLC purchased a new stake in shares of BT Group PLC during the first quarter worth approximately $12,554,000. Miller Howard Investments Inc. NY boosted its stake in BT Group PLC by 4.4% in the first quarter. Miller Howard Investments Inc. NY now owns 553,619 shares of the utilities provider’s stock valued at $11,122,000 after buying an additional 23,374 shares in the last quarter. FMR LLC boosted its stake in BT Group PLC by 10.5% in the first quarter. FMR LLC now owns 441,888 shares of the utilities provider’s stock valued at $8,878,000 after buying an additional 42,130 shares in the last quarter. Morgan Stanley boosted its stake in BT Group PLC by 18.6% in the first quarter. Morgan Stanley now owns 426,962 shares of the utilities provider’s stock valued at $8,578,000 after buying an additional 67,065 shares in the last quarter. Finally, Karp Capital Management Corp bought a new stake in BT Group PLC during the first quarter valued at about $6,762,000. Institutional investors and hedge funds own 1.01% of the company’s stock.
About BT Group PLC
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.