BT Group PLC (BT) Price Target Increased to GBX 340 by Analysts at Macquarie
BT Group PLC (NYSE:BT) had its price target raised by Macquarie from GBX 330 ($4.31) to GBX 340 ($4.44) in a report issued on Monday, StockTargetPrices.com reports. They currently have an outperform rating on the utilities provider’s stock.
Other analysts also recently issued reports about the company. HSBC Holdings plc decreased their price target on BT Group PLC from GBX 420 ($5.48) to GBX 370 ($4.83) and set a buy rating on the stock in a research note on Friday, April 21st. Zacks Investment Research upgraded BT Group PLC from a sell rating to a buy rating and set a $23.00 price target on the stock in a research note on Monday, May 8th. Beaufort Securities decreased their price target on BT Group PLC from GBX 390 ($5.09) to GBX 340 ($4.44) and set a buy rating on the stock in a research note on Friday, May 12th. Citigroup Inc. restated a buy rating on shares of BT Group PLC in a research note on Monday, May 15th. Finally, ValuEngine upgraded BT Group PLC from a hold rating to a buy rating in a research note on Thursday, July 6th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $343.78.
BT Group PLC (BT) opened at 20.05 on Monday. The firm has a market capitalization of $39.66 billion, a P/E ratio of 16.30 and a beta of 1.04. BT Group PLC has a one year low of $18.06 and a one year high of $27.83. The firm has a 50-day moving average price of $19.22 and a 200-day moving average price of $20.24.
BT Group PLC (NYSE:BT) last posted its quarterly earnings results on Wednesday, May 10th. The utilities provider reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. BT Group PLC had a return on equity of 36.64% and a net margin of 8.48%. The firm had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.88 billion. Equities analysts anticipate that BT Group PLC will post $3.83 earnings per share for the current year.
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The business also recently declared a semiannual dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, August 11th will be issued a $0.6804 dividend. The ex-dividend date is Wednesday, August 9th. This represents a dividend yield of 6.86%. BT Group PLC’s dividend payout ratio (DPR) is 70.87%.
Several institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. bought a new position in BT Group PLC during the first quarter worth $316,000. Stevens Capital Management LP boosted its position in BT Group PLC by 122.8% in the first quarter. Stevens Capital Management LP now owns 24,556 shares of the utilities provider’s stock worth $493,000 after buying an additional 13,536 shares during the period. Capstone Asset Management Co. boosted its position in BT Group PLC by 6.8% in the first quarter. Capstone Asset Management Co. now owns 163,993 shares of the utilities provider’s stock worth $3,295,000 after buying an additional 10,420 shares during the period. FMR LLC boosted its position in BT Group PLC by 15.9% in the fourth quarter. FMR LLC now owns 399,758 shares of the utilities provider’s stock worth $9,206,000 after buying an additional 54,830 shares during the period. Finally, Bollard Group LLC boosted its position in BT Group PLC by 1.4% in the first quarter. Bollard Group LLC now owns 46,540 shares of the utilities provider’s stock worth $935,000 after buying an additional 664 shares during the period. 1.02% of the stock is owned by institutional investors.
About BT Group PLC
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