Haitong Bank Reaffirms Buy Rating for BT Group PLC (BT)
BT Group PLC (NYSE:BT)‘s stock had its “buy” rating reiterated by equities researchers at Haitong Bank in a research note issued on Friday, StockTargetPrices.com reports. They currently have a GBX 560 ($6.93) price objective on the stock.
Several other equities analysts have also weighed in on BT. Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of BT Group PLC in a report on Thursday, June 16th. Jefferies Group lowered their target price on shares of BT Group PLC from GBX 475 ($5.88) to GBX 400 ($4.95) and set a “hold” rating for the company in a research note on Tuesday, June 21st. Zacks Investment Research raised shares of BT Group PLC from a “hold” rating to a “strong-buy” rating and set a $36.00 target price for the company in a research note on Tuesday, June 21st. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 600 ($7.43) target price on shares of BT Group PLC in a research note on Wednesday, June 22nd. Finally, Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 410 ($5.07) target price on shares of BT Group PLC in a research note on Friday, June 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. BT Group PLC presently has a consensus rating of “Hold” and a consensus target price of $451.17.
Shares of BT Group PLC (NYSE:BT) opened at 22.88 on Friday. BT Group PLC has a 1-year low of $22.49 and a 1-year high of $37.69. The company has a 50 day moving average of $25.24 and a 200 day moving average of $28.57. The firm has a market cap of $45.45 billion, a price-to-earnings ratio of 12.30 and a beta of 1.14.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/14/haitong-bank-reaffirms-buy-rating-for-bt-group-plc-bt.html
Hedge funds have recently bought and sold shares of the company. Miller Howard Investments Inc. NY bought a new stake in BT Group PLC during the second quarter worth about $7,453,000. Thornburg Investment Management Inc. bought a new stake in BT Group PLC during the second quarter worth about $6,736,000. Renaissance Technologies LLC boosted its stake in BT Group PLC by 4.5% in the first quarter. Renaissance Technologies LLC now owns 3,871,801 shares of the company’s stock worth $124,207,000 after buying an additional 165,101 shares in the last quarter. Royal Bank of Canada boosted its stake in BT Group PLC by 19.9% in the first quarter. Royal Bank of Canada now owns 741,807 shares of the company’s stock worth $23,796,000 after buying an additional 122,967 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in BT Group PLC during the first quarter worth about $3,305,000. Institutional investors own 1.17% of the company’s stock.
About BT Group PLC
Receive News & Ratings for BT Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BT Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.