BT Group plc (BT) Rating Reiterated by Jefferies Group LLC
Jefferies Group LLC reissued their hold rating on shares of BT Group plc (NYSE:BT) in a research note released on Thursday, May 4th, StockTargetPrices.com reports. Jefferies Group LLC currently has a GBX 325 ($4.20) price objective on the utilities provider’s stock.
Several other equities research analysts also recently weighed in on BT. Haitong Bank reissued a buy rating and issued a GBX 560 ($7.23) target price on shares of BT Group plc in a research report on Thursday, January 5th. Barclays PLC reaffirmed an overweight rating and set a GBX 525 ($6.78) price objective on shares of BT Group plc in a research report on Tuesday, January 10th. Morgan Stanley raised shares of BT Group plc from an equal weight rating to an overweight rating in a research report on Wednesday, January 11th. Zacks Investment Research downgraded shares of BT Group plc from a hold rating to a sell rating in a research report on Tuesday, January 17th. Finally, Citigroup Inc reaffirmed a buy rating and set a GBX 460 ($5.94) price objective on shares of BT Group plc in a research report on Friday, January 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. BT Group plc currently has an average rating of Hold and an average target price of $349.47.
BT Group plc (NYSE:BT) traded up 1.23% during mid-day trading on Thursday, hitting $20.51. The stock had a trading volume of 429,320 shares. The stock has a market cap of $40.79 billion, a P/E ratio of 16.74 and a beta of 1.07. BT Group plc has a 52-week low of $19.14 and a 52-week high of $33.50. The firm has a 50-day moving average of $19.95 and a 200-day moving average of $21.31.
BT Group plc (NYSE:BT) last released its earnings results on Wednesday, May 10th. The utilities provider reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The company had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.88 billion. BT Group plc had a net margin of 10.29% and a return on equity of 35.80%. On average, analysts forecast that BT Group plc will post $3.83 EPS for the current fiscal year.
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Several hedge funds have recently bought and sold shares of the company. Jane Street Group LLC purchased a new stake in BT Group plc during the first quarter valued at about $12,554,000. Karp Capital Management Corp purchased a new stake in BT Group plc during the first quarter valued at about $6,762,000. JPMorgan Chase & Co. increased its stake in BT Group plc by 198.6% in the third quarter. JPMorgan Chase & Co. now owns 342,739 shares of the utilities provider’s stock valued at $8,716,000 after buying an additional 227,938 shares in the last quarter. Fiera Capital Corp purchased a new stake in BT Group plc during the fourth quarter valued at about $4,629,000. Finally, Federated Investors Inc. PA purchased a new stake in BT Group plc during the fourth quarter valued at about $2,259,000. 1.10% of the stock is owned by institutional investors and hedge funds.
About BT Group plc
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