Macquarie cut shares of BT Group PLC (NYSE:BT) from a neutral rating to an underperform rating in a report released on Friday morning. The firm currently has $310.00 price target on the stock, down from their prior price target of $360.00.

A number of other equities analysts have also commented on BT. Berenberg Bank cut their price target on shares of BT Group PLC from GBX 535 ($6.98) to GBX 506 ($6.60) and set a buy rating on the stock in a report on Monday, June 13th. Societe Generale reissued a buy rating and set a GBX 545 ($7.11) target price on shares of BT Group PLC in a research note on Monday, June 13th. Goldman Sachs Group Inc. reissued a conviction-buy rating on shares of BT Group PLC in a research note on Thursday, June 16th. Haitong Bank reissued a buy rating and set a GBX 600 ($7.83) target price on shares of BT Group PLC in a research note on Friday, June 17th. Finally, Jefferies Group lowered their target price on shares of BT Group PLC from GBX 475 ($6.20) to GBX 400 ($5.22) and set a hold rating for the company in a research note on Tuesday, June 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. BT Group PLC presently has an average rating of Hold and an average price target of $451.17.

Analyst Recommendations for BT Group PLC (NYSE:BT)

BT Group PLC (NYSE:BT) traded up 0.82% during trading on Friday, hitting $23.39. 245,177 shares of the stock were exchanged. BT Group PLC has a 52 week low of $22.92 and a 52 week high of $37.69. The firm’s 50-day moving average is $25.61 and its 200 day moving average is $28.79. The firm has a market cap of $46.47 billion, a PE ratio of 12.41 and a beta of 1.14.

A number of large investors have recently made changes to their positions in BT. Commonwealth Equity Services Inc boosted its stake in BT Group PLC by 10.3% in the first quarter. Commonwealth Equity Services Inc now owns 14,638 shares of the company’s stock valued at $470,000 after buying an additional 1,365 shares in the last quarter. JPMorgan Chase & Co. raised its stake in BT Group PLC by 50.3% in the first quarter. JPMorgan Chase & Co. now owns 99,702 shares of the company’s stock worth $3,199,000 after buying an additional 33,378 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in BT Group PLC during the first quarter worth $3,305,000. Goldman Sachs Group Inc. raised its stake in BT Group PLC by 4.4% in the first quarter. Goldman Sachs Group Inc. now owns 548,923 shares of the company’s stock worth $17,609,000 after buying an additional 23,383 shares in the last quarter. Finally, HBK Investments L P purchased a new stake in BT Group PLC during the first quarter worth $776,000. 1.17% of the stock is owned by institutional investors and hedge funds.

BT Group PLC Company Profile

5 Day Chart for NYSE:BT

Receive News & Stock 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 stocks with our FREE daily email newsletter.