BT Group PLC (BT) Given Consensus Rating of “Hold” by Analysts
Shares of BT Group PLC (NYSE:BT) have earned a consensus rating of “Hold” from the twenty-two analysts that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $332.50.
Several analysts recently issued reports on the stock. Credit Suisse Group reduced their price target on shares of BT Group PLC from GBX 320 ($4.21) to GBX 280 ($3.68) and set a “neutral” rating on the stock in a research report on Tuesday, November 7th. Beaufort Securities lowered shares of BT Group PLC to a “hold” rating and reduced their price target for the stock from GBX 340 ($4.47) to GBX 265 ($3.49) in a research report on Friday, November 3rd. Deutsche Bank AG restated a “sell” rating and issued a GBX 265 ($3.49) target price on shares of BT Group PLC in a research report on Wednesday, November 1st. Numis Securities Ltd restated a “buy” rating and issued a GBX 390 ($5.13) target price on shares of BT Group PLC in a research report on Tuesday, October 31st. Finally, Zacks Investment Research lowered shares of BT Group PLC from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th.
Shares of BT Group PLC (BT) opened at $16.53 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. The stock has a market cap of $32,786.64, a P/E ratio of 9.13, a P/E/G ratio of 4.61 and a beta of 0.98. BT Group PLC has a 52-week low of $16.44 and a 52-week high of $24.65.
The business also recently announced a None dividend, which will be paid on Monday, February 12th. Shareholders of record on Friday, December 29th will be paid a $0.297 dividend. This represents a yield of 3.84%. The ex-dividend date is Thursday, December 28th. BT Group PLC’s payout ratio is 91.35%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BT. Russell Investments Group Ltd. bought a new stake in shares of BT Group PLC in the second quarter valued at approximately $129,000. Creative Planning raised its position in shares of BT Group PLC by 5.9% in the second quarter. Creative Planning now owns 6,750 shares of the utilities provider’s stock valued at $131,000 after purchasing an additional 377 shares during the period. Stephens Inc. AR raised its position in shares of BT Group PLC by 3.2% in the second quarter. Stephens Inc. AR now owns 11,204 shares of the utilities provider’s stock valued at $217,000 after purchasing an additional 343 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in shares of BT Group PLC in the third quarter valued at approximately $224,000. Finally, WealthTrust Axiom LLC bought a new stake in shares of BT Group PLC in the second quarter valued at approximately $227,000. Hedge funds and other institutional investors own 0.99% of the company’s stock.
BT Group PLC Company Profile
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