JPMorgan Chase & Co. restated their neutral rating on shares of BT Group PLC (NYSE:BT) in a research note released on Thursday morning.

Several other brokerages have also issued reports on BT. Deutsche Bank AG reiterated a sell rating and issued a GBX 410 ($5.07) price target on shares of BT Group PLC in a research note on Friday, June 24th. Barclays PLC restated an overweight rating and set a GBX 600 ($7.43) price objective on shares of BT Group PLC in a research note on Wednesday, June 22nd. Zacks Investment Research upgraded shares of BT Group PLC from a hold rating to a strong-buy rating and set a $36.00 price objective on the stock in a research note on Tuesday, June 21st. Jefferies Group lowered their price objective on shares of BT Group PLC from GBX 475 ($5.88) to GBX 400 ($4.95) and set a hold rating on the stock in a research note on Tuesday, June 21st. Finally, Haitong Bank restated a buy rating and set a GBX 600 ($7.43) price objective on shares of BT Group PLC in a research note on Friday, June 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $451.17.

Analyst Recommendations for BT Group PLC (NYSE:BT)

BT Group PLC (NYSE:BT) traded up 1.1796% on Thursday, reaching $23.1499. 188,319 shares of the company traded hands. BT Group PLC has a 52-week low of $22.49 and a 52-week high of $37.69. The firm has a market cap of $45.99 billion, a P/E ratio of 12.4462 and a beta of 1.14. The stock has a 50-day moving average price of $25.24 and a 200-day moving average price of $28.57.

Institutional investors have recently added to or reduced their stakes in the company. Miller Howard Investments Inc. NY bought a new position in BT Group PLC during the second quarter worth about $7,453,000. Thornburg Investment Management Inc. bought a new position in BT Group PLC during the second quarter worth about $6,736,000. Renaissance Technologies LLC boosted its position in BT Group PLC by 4.5% in the first quarter. Renaissance Technologies LLC now owns 3,871,801 shares of the company’s stock worth $124,207,000 after buying an additional 165,101 shares in the last quarter. Royal Bank of Canada boosted its position in BT Group PLC by 19.9% in the first quarter. Royal Bank of Canada now owns 741,807 shares of the company’s stock worth $23,796,000 after buying an additional 122,967 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in BT Group PLC during the first quarter worth about $3,305,000. Institutional investors and hedge funds own 1.17% of the company’s stock.

About BT Group PLC

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