BT Group PLC (BT) Earns “Buy” Rating from Goldman Sachs Group Inc.
BT Group PLC (NYSE:BT)‘s stock had its “buy” rating reissued by analysts at Goldman Sachs Group Inc. in a research note issued to investors on Tuesday.
Several other research firms have also recently commented on BT. Jefferies Group dropped their price objective on BT Group PLC from GBX 475 ($5.79) to GBX 400 ($4.88) and set a “hold” rating on the stock in a research report on Tuesday, June 21st. Zacks Investment Research raised BT Group PLC from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a research report on Tuesday, June 21st. Barclays PLC reaffirmed an “overweight” rating and set a GBX 600 ($7.31) price objective on shares of BT Group PLC in a research report on Wednesday, June 22nd. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 410 ($5.00) price objective on shares of BT Group PLC in a research report on Friday, June 24th. Finally, Credit Suisse Group AG cut BT Group PLC from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from GBX 510 ($6.22) to GBX 400 ($4.88) in a research report on Monday, June 27th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $451.17.
Shares of BT Group PLC (NYSE:BT) traded up 2.23% during midday trading on Tuesday, hitting $23.85. The stock had a trading volume of 482,376 shares. BT Group PLC has a 12 month low of $22.49 and a 12 month high of $37.69. The stock’s 50 day moving average price is $25.07 and its 200 day moving average price is $28.39. The firm has a market cap of $47.38 billion, a price-to-earnings ratio of 12.82 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 https://www.americanbankingnews.com/2016/10/18/bt-group-plc-bt-earns-buy-rating-from-goldman-sachs-group-inc.html
A number of hedge funds have recently added to or reduced their stakes in BT. Goldman Sachs Group Inc. increased its stake in BT Group PLC by 4.4% in the first quarter. Goldman Sachs Group Inc. now owns 548,923 shares of the company’s stock worth $17,609,000 after buying an additional 23,383 shares during the last quarter. Douglass Winthrop Advisors LLC purchased a new stake in BT Group PLC during the second quarter worth about $214,000. Envestnet Asset Management Inc. increased its stake in BT Group PLC by 32.8% in the first quarter. Envestnet Asset Management Inc. now owns 323,668 shares of the company’s stock worth $10,383,000 after buying an additional 79,870 shares during the last quarter. Capital Fund Management S.A. increased its stake in BT Group PLC by 577.8% in the second quarter. Capital Fund Management S.A. now owns 48,800 shares of the company’s stock worth $1,359,000 after buying an additional 41,600 shares during the last quarter. Finally, Renaissance Technologies LLC increased 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 during the last quarter. 1.17% of the stock is currently owned by institutional investors and hedge funds.
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.