BT Group PLC (NYSE:BT)‘s stock had its “buy” rating reissued by investment analysts at Numis Securities Ltd in a research note issued on Monday, StockTargetPrices.com reports. They currently have a GBX 390 ($5.14) price objective on the utilities provider’s stock.

A number of other brokerages have also issued reports on BT. Macquarie raised shares of BT Group PLC from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $270.00 to $330.00 in a research report on Tuesday, June 27th. Zacks Investment Research raised shares of BT Group PLC from a “sell” rating to a “hold” rating in a research report on Monday, April 17th. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 360 ($4.75) target price on shares of BT Group PLC in a research report on Monday, July 31st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 410 ($5.41) target price on shares of BT Group PLC in a research report on Monday, July 31st. Finally, Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 265 ($3.50) target price on shares of BT Group PLC in a research report on Thursday, June 15th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $339.33.

BT Group PLC (BT) opened at 20.91 on Monday. The firm’s 50-day moving average is $19.44 and its 200 day moving average is $20.01. BT Group PLC has a one year low of $18.06 and a one year high of $27.06. The firm has a market capitalization of $41.56 billion, a price-to-earnings ratio of 20.11 and a beta of 1.05.

BT Group PLC (NYSE:BT) last announced its earnings results on Wednesday, May 10th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. BT Group PLC had a net margin of 7.14% and a return on equity of 40.09%. The business had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.88 billion. Analysts forecast that BT Group PLC will post $1.84 EPS for the current fiscal year.

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Several large investors have recently bought and sold shares of the company. Sit Investment Associates Inc. raised its stake in BT Group PLC by 1,068.7% in the second quarter. Sit Investment Associates Inc. now owns 721,080 shares of the utilities provider’s stock valued at $13,996,000 after buying an additional 659,380 shares during the last quarter. Jane Street Group LLC purchased a new stake in BT Group PLC during the first quarter valued at $12,554,000. Miller Howard Investments Inc. NY raised its stake in BT Group PLC by 4.4% in the first quarter. Miller Howard Investments Inc. NY now owns 553,619 shares of the utilities provider’s stock valued at $11,122,000 after buying an additional 23,374 shares during the last quarter. FMR LLC raised its stake in BT Group PLC by 10.5% in the first quarter. FMR LLC now owns 441,888 shares of the utilities provider’s stock valued at $8,878,000 after buying an additional 42,130 shares during the last quarter. Finally, Federated Investors Inc. PA raised its stake in BT Group PLC by 34.0% in the second quarter. Federated Investors Inc. PA now owns 427,900 shares of the utilities provider’s stock valued at $8,306,000 after buying an additional 108,640 shares during the last quarter. 1.03% of the stock is currently owned by institutional investors and hedge funds.

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