BT Group PLC (NYSE:BT) had its price target lowered by equities research analysts at Jefferies Group from GBX 400 ($5.00) to GBX 385 ($4.81) in a note issued to investors on Monday. The firm presently has a “hold” rating on the stock.

A number of other analysts also recently issued reports on BT. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 550 ($6.87) price objective on shares of BT Group PLC in a research note on Monday, August 1st. Haitong Bank reduced their price objective on BT Group PLC from GBX 600 ($7.50) to GBX 560 ($7.00) and set a “buy” rating on the stock in a research note on Tuesday, August 2nd. HSBC reaffirmed a “buy” rating and issued a GBX 480 ($6.00) price objective on shares of BT Group PLC in a research note on Friday, August 5th. Societe Generale reaffirmed a “buy” rating and issued a GBX 500 ($6.25) price objective on shares of BT Group PLC in a research note on Tuesday, August 9th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of BT Group PLC in a research note on Wednesday, August 17th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $437.41.

Analyst Recommendations for BT Group PLC (NYSE:BT)

Shares of BT Group PLC (NYSE:BT) traded down 2.69% during trading on Monday, hitting $22.09. The company had a trading volume of 246,640 shares. The stock’s 50-day moving average price is $23.09 and its 200 day moving average price is $26.63. BT Group PLC has a 52 week low of $21.61 and a 52 week high of $37.63. The company has a market capitalization of $43.88 billion, a P/E ratio of 12.66 and a beta of 1.15.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new position in BT Group PLC during the second quarter valued at approximately $488,000. Trust Co. of Toledo NA OH raised its position in BT Group PLC by 3.7% in the second quarter. Trust Co. of Toledo NA OH now owns 41,212 shares of the company’s stock valued at $1,148,000 after buying an additional 1,488 shares during the last quarter. Miller Howard Investments Inc. NY bought a new position in BT Group PLC during the second quarter valued at approximately $7,453,000. Bollard Group LLC raised its position in BT Group PLC by 4.9% in the second quarter. Bollard Group LLC now owns 44,783 shares of the company’s stock valued at $1,247,000 after buying an additional 2,100 shares during the last quarter. Finally, Boston Common Asset Management LLC bought a new position in BT Group PLC during the second quarter valued at approximately $1,555,000. 1.09% of the stock is owned by hedge funds and other institutional investors.

BT Group PLC Company Profile

5 Day Chart for NYSE:BT

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