BT Group PLC (NYSE:BT)‘s stock had its “underperform” rating reissued by analysts at Macquarie in a report released on Wednesday. They presently have a GBX 310 ($3.84) price objective on the stock.

Other equities analysts also recently issued research reports about the stock. Jefferies Group reissued a “hold” rating and issued a GBX 400 ($4.95) target price on shares of BT Group PLC in a report on Monday, July 25th. Deutsche Bank AG restated a “sell” rating and issued a GBX 345 ($4.27) price target on shares of BT Group PLC in a research report on Friday, October 28th. Societe Generale restated a “buy” rating and issued a GBX 500 ($6.19) price target on shares of BT Group PLC in a research report on Tuesday, August 9th. Beaufort Securities restated a “buy” rating on shares of BT Group PLC in a research report on Friday, October 28th. Finally, Haitong Bank restated a “buy” rating and issued a GBX 600 ($7.43) price target on shares of BT Group PLC in a research report on Tuesday, July 26th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given 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 $438.88.

Analyst Recommendations for BT Group PLC (NYSE:BT)

BT Group PLC (NYSE:BT) opened at 22.05 on Wednesday. The company has a market capitalization of $43.80 billion, a price-to-earnings ratio of 12.71 and a beta of 1.15. The firm has a 50-day moving average of $23.78 and a 200 day moving average of $27.34. BT Group PLC has a one year low of $21.61 and a one year high of $37.69.

Several hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased 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 valued at $23,796,000 after buying an additional 122,967 shares during the period. Goldman Sachs Group Inc. increased its position 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 valued at $17,609,000 after buying an additional 23,383 shares during the period. Miller Howard Investments Inc. NY increased its position in BT Group PLC by 95.7% in the third quarter. Miller Howard Investments Inc. NY now owns 523,622 shares of the company’s stock valued at $13,316,000 after buying an additional 256,025 shares during the period. Eagle Global Advisors LLC increased its position in BT Group PLC by 2.8% in the second quarter. Eagle Global Advisors LLC now owns 501,736 shares of the company’s stock valued at $13,973,000 after buying an additional 13,885 shares during the period. Finally, JPMorgan Chase & Co. increased its position in BT Group PLC by 198.6% in the third quarter. JPMorgan Chase & Co. now owns 342,739 shares of the company’s stock valued at $8,716,000 after buying an additional 227,938 shares during the period. 1.19% of the stock is owned by institutional investors and hedge funds.

BT Group PLC Company Profile

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