Numis Securities Ltd reiterated their buy rating on shares of BT Group PLC (NYSE:BT) in a research note published on Wednesday, July 19th, StockTargetPrices.com reports. The firm currently has a GBX 390 ($5.06) price objective on the utilities provider’s stock.
Several other equities analysts also recently commented on BT. Credit Suisse Group restated a neutral rating and issued a GBX 400 ($5.19) price target on shares of BT Group PLC in a research note on Thursday, March 30th. Zacks Investment Research raised shares of BT Group PLC from a sell rating to a hold rating in a report on Monday, April 3rd. Macquarie raised shares of BT Group PLC from a neutral rating to an outperform rating and increased their target price for the company from $270.00 to $330.00 in a report on Tuesday, June 27th. Deutsche Bank AG reiterated a sell rating and issued a GBX 265 ($3.44) price target on shares of BT Group PLC in a research report on Thursday, June 15th. Finally, Barclays PLC reiterated an overweight rating and issued a GBX 450 ($5.84) price target on shares of BT Group PLC in a research report on Thursday, June 8th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $339.33.
BT Group PLC (BT) traded down 0.41% on Wednesday, hitting $19.24. The stock had a trading volume of 543,889 shares. The stock has a market cap of $38.24 billion, a PE ratio of 18.15 and a beta of 1.05. BT Group PLC has a 12 month low of $18.06 and a 12 month high of $26.76. The firm’s 50 day moving average price is $19.87 and its 200-day moving average price is $19.89.
The business also recently disclosed 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. This represents a yield of 6.86%. The ex-dividend date is Wednesday, August 9th. BT Group PLC’s dividend payout ratio is currently 90.39%.
Several hedge funds have recently made changes to their positions in BT. Russell Investments Group Ltd. acquired a new position in shares of BT Group PLC during the second quarter valued at $129,000. Creative Planning boosted its position in shares of BT Group PLC 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 buying an additional 377 shares in the last quarter. Quadrant Capital Group LLC boosted its position in BT Group PLC by 512.6% in the first quarter. Quadrant Capital Group LLC now owns 7,474 shares of the utilities provider’s stock valued at $145,000 after buying an additional 6,254 shares in the last quarter. Rational Advisors LLC boosted its position in BT Group PLC by 14.3% in the first quarter. Rational Advisors LLC now owns 7,977 shares of the utilities provider’s stock valued at $160,000 after buying an additional 997 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in BT Group PLC during the first quarter worth approximately $205,000. Institutional investors and hedge funds own 1.03% of the company’s stock.
About BT Group PLC
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