Haitong Bank Reaffirms Buy Rating for BT Group PLC (BT)
BT Group PLC (NYSE:BT)‘s stock had its “buy” rating restated by equities researchers at Haitong Bank in a note issued to investors on Friday. They currently have a GBX 560 ($6.93) target price on the stock.
Several other research analysts have also weighed in on BT. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating on shares of BT Group PLC in a research report on Thursday, June 16th. Jefferies Group lowered their price target on BT Group PLC from GBX 475 ($5.88) to GBX 400 ($4.95) and set a “hold” rating for the company in a report on Tuesday, June 21st. Zacks Investment Research upgraded BT Group PLC from a “hold” rating to a “strong-buy” rating and set a $36.00 price target for the company in a report on Tuesday, June 21st. Barclays PLC reiterated an “overweight” rating and issued a GBX 600 ($7.43) price target on shares of BT Group PLC in a report on Wednesday, June 22nd. Finally, Deutsche Bank AG reiterated a “sell” rating and issued a GBX 410 ($5.07) price target on shares of BT Group PLC in a report on Friday, June 24th. 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 given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $451.17.
Shares of BT Group PLC (NYSE:BT) opened at 22.88 on Friday. BT Group PLC has a 12-month low of $22.49 and a 12-month high of $37.69. The stock has a 50 day moving average price of $25.24 and a 200 day moving average price of $28.57. The stock has a market capitalization of $45.45 billion, a P/E ratio of 12.30 and a beta of 1.14.
Several large investors have recently added to or reduced their stakes in the stock. Creative Planning boosted its stake in BT Group PLC by 394.9% in the second quarter. Creative Planning now owns 6,642 shares of the company’s stock worth $185,000 after buying an additional 5,300 shares during the period. NEXT Financial Group Inc raised its position in BT Group PLC by 0.9% in the second quarter. NEXT Financial Group Inc now owns 5,375 shares of the company’s stock worth $149,000 after buying an additional 50 shares in the last quarter. Baxter Bros Inc. bought a new position in BT Group PLC during the second quarter worth approximately $373,000. Fulton Bank N.A. raised its position in BT Group PLC by 7.2% in the second quarter. Fulton Bank N.A. now owns 13,558 shares of the company’s stock worth $377,000 after buying an additional 910 shares in the last quarter. Finally, Avalon Advisors LLC bought a new position in BT Group PLC during the first quarter worth approximately $276,000. 1.17% of the stock is currently owned by institutional investors.
BT Group PLC Company Profile
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