BT Group PLC (BT) Price Target Lowered to GBX 340 at Beaufort Securities

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.

Analyst Recommendations for BT Group PLC (NYSE:BT)

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%.

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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

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