BT Group PLC (NYSE:BT) had its target price cut by investment analysts at Morgan Stanley from GBX 350 ($4.64) to GBX 320 ($4.24) in a research note issued on Wednesday, StockTargetPrices.com reports. The firm currently has an “equal weight” rating on the utilities provider’s stock.

Several other equities analysts also recently weighed in on the stock. Barclays PLC restated an “overweight” rating and set a GBX 450 ($5.97) target price on shares of BT Group PLC in a report on Wednesday, August 9th. Zacks Investment Research cut shares of BT Group PLC from a “buy” rating to a “hold” rating in a research report on Friday, September 29th. BidaskClub downgraded shares of BT Group PLC from a “buy” rating to a “hold” rating in a report on Friday, August 18th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 290 ($3.85) price target on shares of BT Group PLC in a report on Wednesday, July 12th. Finally, Deutsche Bank AG reiterated a “sell” rating and issued a GBX 265 ($3.52) price target on shares of BT Group PLC in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company’s stock. BT Group PLC currently has an average rating of “Hold” and an average price target of $335.67.

Shares of BT Group PLC (NYSE:BT) traded down 0.11% during midday trading on Wednesday, hitting $18.84. 136,077 shares of the stock were exchanged. BT Group PLC has a 12-month low of $18.06 and a 12-month high of $24.68. The firm has a market cap of $37.45 billion, a PE ratio of 17.77 and a beta of 1.04. The firm has a 50-day moving average price of $19.13 and a 200 day moving average price of $19.67.

TRADEMARK VIOLATION WARNING: This report was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/10/04/morgan-stanley-cuts-bt-group-plc-bt-price-target-to-gbx-320.html.

Several institutional investors and hedge funds have recently modified their holdings of BT. Russell Investments Group Ltd. acquired a new position in BT Group PLC in the second quarter valued at $129,000. Creative Planning increased its stake in BT Group PLC by 5.9% during the second quarter. Creative Planning now owns 6,750 shares of the utilities provider’s stock worth $131,000 after acquiring an additional 377 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in BT Group PLC during the first quarter worth about $205,000. Stephens Inc. AR increased its stake in BT Group PLC by 3.2% during the second quarter. Stephens Inc. AR now owns 11,204 shares of the utilities provider’s stock worth $217,000 after acquiring an additional 343 shares during the last quarter. Finally, WealthTrust Axiom LLC acquired a new stake in BT Group PLC during the second quarter worth about $227,000. 0.99% of the stock is currently owned by institutional investors and hedge funds.

BT Group PLC Company Profile

Stock Target Prices

Analyst Recommendations for BT Group PLC (NYSE:BT)

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.