BT Group PLC (BT) Receives “Neutral” Rating from BNP Paribas
BT Group PLC (NYSE:BT)‘s stock had its “neutral” rating reaffirmed by analysts at BNP Paribas in a research note issued to investors on Wednesday, StockTargetPrices.com reports. They presently have a GBX 395 ($4.81) price objective on the stock.
BT has been the topic of several other reports. Deutsche Bank AG restated a “sell” rating and set a GBX 390 ($4.75) price objective on shares of BT Group PLC in a report on Tuesday, September 13th. Haitong Bank restated a “buy” rating and set a GBX 560 ($6.83) price objective on shares of BT Group PLC in a report on Tuesday, October 4th. Macquarie downgraded BT Group PLC from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $360.00 to $310.00 in a report on Friday, October 7th. TheStreet downgraded BT Group PLC from a “buy” rating to a “hold” rating in a report on Monday, September 19th. Finally, Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of BT Group PLC in a report on Monday, September 26th. Three equities research 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. BT Group PLC has an average rating of “Hold” and a consensus price target of $448.11.
Shares of BT Group PLC (NYSE:BT) opened at 23.85 on Wednesday. The stock has a market cap of $47.38 billion, a PE ratio of 12.82 and a beta of 1.14. BT Group PLC has a 1-year low of $22.49 and a 1-year high of $37.69. The stock’s 50 day moving average price is $25.01 and its 200 day moving average price is $28.34.
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Several hedge funds have recently bought and sold shares of the company. Sei Investments Co. increased its stake in BT Group PLC by 33.1% in the second quarter. Sei Investments Co. now owns 4,131 shares of the company’s stock worth $115,000 after buying an additional 1,027 shares in the last quarter. MSI Financial Services Inc increased its stake in BT Group PLC by 15.4% in the third quarter. MSI Financial Services Inc now owns 5,675 shares of the company’s stock worth $144,000 after buying an additional 756 shares in the last quarter. NEXT Financial Group Inc increased its stake in BT Group PLC by 0.9% in the second quarter. NEXT Financial Group Inc now owns 5,375 shares of the company’s stock worth $149,000 after buying an additional 50 shares in the last quarter. Advisor Group Inc. purchased a new stake in BT Group PLC during the second quarter worth approximately $169,000. Finally, Creative Planning increased its stake in BT Group PLC by 394.9% in the second quarter. Creative Planning now owns 6,642 shares of the company’s stock worth $185,000 after buying an additional 5,300 shares in the last quarter. 1.17% of the stock is currently owned by institutional investors.
BT Group PLC Company Profile
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