Numis Securities Ltd restated their buy rating on shares of BT Group PLC (NYSE:BT) in a research report sent to investors on Tuesday morning, StockTargetPrices.com reports. Numis Securities Ltd currently has a GBX 390 ($5.15) price objective on the utilities provider’s stock.
Other analysts also recently issued reports about the company. Citigroup Inc reaffirmed a buy rating and issued a GBX 360 ($4.75) target price on shares of BT Group PLC in a research note on Monday, July 31st. BidaskClub raised BT Group PLC from a hold rating to a buy rating in a research note on Monday, July 31st. ValuEngine raised BT Group PLC from a hold rating to a buy rating in a research report on Thursday, July 6th. Zacks Investment Research raised BT Group PLC from a hold rating to a buy rating and set a $21.00 price objective for the company in a research report on Monday, August 28th. Finally, Morgan Stanley cut their price objective on BT Group PLC from GBX 350 ($4.62) to GBX 320 ($4.22) and set an equal weight rating for the company in a research report on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $318.94.
Shares of BT Group PLC (BT) opened at $16.51 on Tuesday. The company has a market capitalization of $33.24 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 4.07 and a beta of 0.98. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 1.50.
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The business also recently disclosed a None dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, December 29th will be paid a $0.297 dividend. This represents a dividend yield of 3.84%. The ex-dividend date is Thursday, December 28th. BT Group PLC’s payout ratio is presently 91.35%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. FDx Advisors Inc. purchased a new position in shares of BT Group PLC in the 3rd quarter valued at about $233,000. Bank of Hawaii boosted its stake in shares of BT Group PLC by 15.9% in the 3rd quarter. Bank of Hawaii now owns 25,199 shares of the utilities provider’s stock valued at $485,000 after buying an additional 3,448 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of BT Group PLC in the 3rd quarter valued at about $3,613,000. Aperio Group LLC boosted its stake in shares of BT Group PLC by 40.8% in the 3rd quarter. Aperio Group LLC now owns 497,907 shares of the utilities provider’s stock valued at $9,580,000 after buying an additional 144,367 shares during the period. Finally, Sit Investment Associates Inc. boosted its stake in shares of BT Group PLC by 2.3% in the 3rd quarter. Sit Investment Associates Inc. now owns 737,900 shares of the utilities provider’s stock valued at $14,197,000 after buying an additional 16,820 shares during the period. Institutional investors and hedge funds own 0.97% of the company’s stock.
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