BT Group PLC (NYSE:BT)‘s stock had its “buy” rating reissued by Numis Securities Ltd in a research report issued on Thursday, StockTargetPrices.com reports. They currently have a GBX 390 ($5.04) target price on the utilities provider’s stock.

Several other equities analysts have also recently issued reports on BT. Goldman Sachs Group, Inc. (The) lowered their price target on BT Group PLC from GBX 350 ($4.52) to GBX 340 ($4.39) and set a “neutral” rating on the stock in a research report on Wednesday, May 24th. Exane BNP Paribas cut BT Group PLC from a “neutral” rating to an “underperform” rating in a research report on Thursday, May 25th. BNP Paribas cut BT Group PLC from a “neutral” rating to an “underperform” rating in a research report on Thursday, May 25th. Citigroup Inc. reiterated a “buy” rating on shares of BT Group PLC in a research report on Monday, May 29th. Finally, Jefferies Group LLC lowered their price target on BT Group PLC from GBX 325 ($4.20) to GBX 280 ($3.62) and set a “hold” rating on the stock in a research report on Wednesday, May 31st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $340.06.

BT Group PLC (NYSE:BT) traded up 1.78% during mid-day trading on Thursday, reaching $19.48. The company’s stock had a trading volume of 1,008,457 shares. The firm’s 50 day moving average price is $19.51 and its 200 day moving average price is $19.78. BT Group PLC has a 52 week low of $18.06 and a 52 week high of $26.35. The firm has a market capitalization of $38.72 billion, a P/E ratio of 18.82 and a beta of 1.06.

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A number of hedge funds and other institutional investors have recently bought and sold shares of BT. Bank of Montreal Can raised its holdings in BT Group PLC by 252.2% during the first quarter. Bank of Montreal Can now owns 46,862 shares of the utilities provider’s stock valued at $941,000 after buying an additional 33,555 shares in the last quarter. First Trust Advisors LP raised its holdings in BT Group PLC by 20.6% during the first quarter. First Trust Advisors LP now owns 122,664 shares of the utilities provider’s stock valued at $2,464,000 after buying an additional 20,992 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in BT Group PLC by 1,155.3% during the first quarter. Advisors Asset Management Inc. now owns 26,475 shares of the utilities provider’s stock valued at $532,000 after buying an additional 24,366 shares in the last quarter. Comerica Bank raised its holdings in BT Group PLC by 1.1% during the first quarter. Comerica Bank now owns 115,951 shares of the utilities provider’s stock valued at $2,325,000 after buying an additional 1,317 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in BT Group PLC by 10.4% during the first quarter. Ameriprise Financial Inc. now owns 48,683 shares of the utilities provider’s stock valued at $977,000 after buying an additional 4,582 shares in the last quarter. Institutional investors own 0.99% of the company’s stock.

About BT Group PLC

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