BT Group PLC (NYSE:BT) Price Target Cut to GBX 280 by Analysts at Credit Suisse Group

BT Group PLC (NYSE:BT) had its target price reduced by Credit Suisse Group from GBX 320 ($4.21) to GBX 280 ($3.68) in a research note released on Tuesday, November 7th, StockTargetPrices.com reports. They currently have a neutral rating on the utilities provider’s stock.

BT has been the subject of several other research reports. Zacks Investment Research upgraded BT Group from a hold rating to a buy rating and set a $21.00 price target for the company in a research note on Monday, August 28th. Deutsche Bank AG reiterated a sell rating and set a GBX 265 ($3.49) price objective on shares of BT Group in a research note on Thursday, October 26th. Beaufort Securities lowered BT Group to a hold rating and cut their price objective for the stock from GBX 340 ($4.47) to GBX 265 ($3.49) in a research note on Friday, November 3rd. Finally, BNP Paribas reiterated an underperform rating and set a GBX 240 ($3.16) price objective on shares of BT Group in a research note on Thursday, September 14th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $317.18.

Shares of BT Group (BT) traded down $0.16 during trading on Tuesday, hitting $16.63. The company had a trading volume of 238,685 shares, compared to its average volume of 735,498. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. BT Group has a 1 year low of $16.15 and a 1 year high of $24.65. The stock has a market cap of $32,984.99, a price-to-earnings ratio of 9.19, a PEG ratio of 4.64 and a beta of 0.98.

The business also recently announced a None dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.297 per share. This represents a dividend yield of 3.84%. The ex-dividend date of this dividend is Thursday, December 28th. BT Group’s dividend payout ratio is currently 91.35%.

Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of BT Group during the 2nd quarter worth approximately $129,000. Creative Planning lifted its holdings in BT Group by 5.9% in the second quarter. Creative Planning now owns 6,750 shares of the utilities provider’s stock valued at $131,000 after acquiring an additional 377 shares during the last quarter. Stephens Inc. AR lifted its holdings in BT Group by 3.2% in the second quarter. Stephens Inc. AR now owns 11,204 shares of the utilities provider’s stock valued at $217,000 after acquiring an additional 343 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in BT Group in the third quarter valued at approximately $224,000. Finally, WealthTrust Axiom LLC acquired a new position in BT Group in the second quarter valued at approximately $227,000. Institutional investors and hedge funds own 0.94% of the company’s stock.

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