BT Group PLC (NYSE:BT) had its price target boosted by HSBC from GBX 460 ($5.75) to GBX 470 ($5.87) in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Deutsche Bank AG restated a “sell” rating and set a GBX 345 ($4.31) target price on shares of BT Group PLC in a research report on Friday, October 28th. Goldman Sachs Group Inc. restated a “buy” rating on shares of BT Group PLC in a research report on Monday, July 18th. BNP Paribas restated a “neutral” rating and set a GBX 395 ($4.94) target price on shares of BT Group PLC in a research report on Thursday, October 6th. Jefferies Group dropped their target price on BT Group PLC from GBX 405 ($5.06) to GBX 400 ($5.00) and set a “hold” rating for the company in a research report on Monday, August 15th. Finally, Haitong Bank dropped their target price on BT Group PLC from GBX 600 ($7.50) to GBX 560 ($7.00) and set a “buy” rating for the company in a research report on Tuesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. BT Group PLC presently has a consensus rating of “Hold” and an average target price of $438.88.

Analyst Recommendations for BT Group PLC (NYSE:BT)

Shares of BT Group PLC (NYSE:BT) opened at 22.72 on Friday. The company has a 50-day moving average price of $23.70 and a 200 day moving average price of $27.28. BT Group PLC has a 52 week low of $21.61 and a 52 week high of $37.69. The stock has a market capitalization of $45.13 billion, a P/E ratio of 12.95 and a beta of 1.15.

A number of hedge funds have recently added to or reduced their stakes in BT. NEXT Financial Group Inc raised its stake 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 valued at $149,000 after buying an additional 50 shares in the last quarter. SG Americas Securities LLC raised its stake in BT Group PLC by 0.4% in the third quarter. SG Americas Securities LLC now owns 28,666 shares of the company’s stock valued at $729,000 after buying an additional 108 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in BT Group PLC by 2.7% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 10,568 shares of the company’s stock valued at $293,000 after buying an additional 279 shares in the last quarter. First Allied Advisory Services Inc. raised its stake in BT Group PLC by 6.2% in the second quarter. First Allied Advisory Services Inc. now owns 8,074 shares of the company’s stock valued at $225,000 after buying an additional 474 shares in the last quarter. Finally, Creative Planning raised its stake in BT Group PLC by 9.8% in the third quarter. Creative Planning now owns 7,292 shares of the company’s stock valued at $185,000 after buying an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 0.99% of the company’s stock.

BT Group PLC Company Profile

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