Credit Suisse Group Downgrades BT Group PLC (BT) to Neutral

BT Group PLC (NYSE:BT) was downgraded by Credit Suisse Group to a “neutral” rating in a report released on Monday, October 9th, StockTargetPrices.com reports. They currently have a GBX 310 ($4.12) target price on the utilities provider’s stock, down from their previous target price of GBX 360 ($4.78).

Other equities research analysts have also issued research reports about the stock. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a GBX 340 ($4.52) price target on shares of BT Group PLC in a research note on Monday, July 17th. Numis Securities Ltd assumed coverage on shares of BT Group PLC in a research note on Thursday, July 13th. They set a “buy” rating and a GBX 390 ($5.18) price target for the company. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 290 ($3.85) price target on shares of BT Group PLC in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of BT Group PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Deutsche Bank AG reiterated a “sell” rating and issued a GBX 265 ($3.52) price objective on shares of BT Group PLC in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $334.00.

BT Group PLC (NYSE BT) opened at 18.12 on Monday. The stock has a 50 day moving average price of $18.92 and a 200 day moving average price of $19.51. The company has a market cap of $36.02 billion, a PE ratio of 17.09 and a beta of 1.04. BT Group PLC has a 1-year low of $18.05 and a 1-year high of $24.65.

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Institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. purchased a new stake in BT Group PLC in the second quarter worth about $129,000. Creative Planning grew its holdings in BT Group PLC by 5.9% in the second quarter. Creative Planning now owns 6,750 shares of the utilities provider’s stock worth $131,000 after purchasing an additional 377 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in BT Group PLC in the first quarter worth about $205,000. Stephens Inc. AR purchased a new stake in BT Group PLC in the first quarter worth about $218,000. Finally, WealthTrust Axiom LLC purchased a new stake in BT Group PLC in the second quarter worth about $227,000. Institutional investors and hedge funds own 0.99% of the company’s stock.

BT Group PLC Company Profile

Stock Target Prices

Analyst Recommendations for BT Group PLC (NYSE:BT)

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