BT Group PLC’s (BT) Neutral Rating Reaffirmed at BNP Paribas
BT Group PLC (NYSE:BT)‘s stock had its “neutral” rating restated by investment analysts at BNP Paribas in a note issued to investors on Wednesday, StockTargetPrices.com reports. They presently have a GBX 395 ($4.81) price objective on the stock.
Several other equities analysts have also commented on the company. Goldman Sachs Group Inc. restated a “buy” rating on shares of BT Group PLC in a research note on Monday, July 18th. Deutsche Bank AG restated a “sell” rating and set a GBX 390 ($4.75) price target on shares of BT Group PLC in a research note on Tuesday, September 6th. Credit Suisse Group AG lowered BT Group PLC from an “outperform” rating to a “neutral” rating and cut their price target for the company from GBX 510 ($6.22) to GBX 400 ($4.88) in a research note on Monday, June 27th. Jefferies Group cut their price target on BT Group PLC from GBX 405 ($4.94) to GBX 400 ($4.88) and set a “hold” rating on the stock in a research note on Monday, August 15th. Finally, Haitong Bank cut their price target on BT Group PLC from GBX 600 ($7.31) to GBX 560 ($6.83) and set a “buy” rating on the stock in a research note on Tuesday, August 2nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $448.11.
BT Group PLC (NYSE:BT) opened at 23.85 on Wednesday. The firm’s 50-day moving average is $25.01 and its 200 day moving average is $28.34. BT Group PLC has a 1-year low of $22.49 and a 1-year high of $37.69. The company has a market cap of $47.38 billion, a PE ratio of 12.82 and a beta of 1.14.
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A number of hedge funds and other institutional investors have recently made changes to their positions in BT. Miller Howard Investments Inc. NY bought a new position in shares of BT Group PLC during the second quarter worth about $7,453,000. Thornburg Investment Management Inc. bought a new position in shares of BT Group PLC during the second quarter worth about $6,736,000. Renaissance Technologies LLC increased its position in shares of 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. Royal Bank of Canada increased its position in shares of 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 during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of BT Group PLC during the first quarter worth about $3,305,000. 1.17% of the stock is owned by institutional investors.
About BT Group PLC
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