Equities researchers at Numis Securities Ltd assumed coverage on shares of BT Group PLC (NYSE:BT) in a research note issued on Thursday, July 13th, StockTargetPrices.com reports. The brokerage set a “buy” rating and a GBX 390 ($5.08) price target on the utilities provider’s stock.

A number of other research analysts also recently issued reports on BT. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 290 ($3.78) price target on shares of BT Group PLC in a research report on Wednesday, July 12th. Credit Suisse Group reiterated a “neutral” rating and set a GBX 400 ($5.21) target price on shares of BT Group PLC in a research report on Thursday, March 30th. Jefferies Group LLC dropped their target price on shares of BT Group PLC from GBX 325 ($4.23) to GBX 280 ($3.65) and set a “hold” rating on the stock in a research report on Wednesday, May 31st. Deutsche Bank AG reiterated a “sell” rating and set a GBX 275 ($3.58) target price on shares of BT Group PLC in a research report on Friday, April 21st. Finally, BNP Paribas downgraded shares of BT Group PLC from a “neutral” rating to an “underperform” rating in a report on Thursday, May 25th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. BT Group PLC currently has a consensus rating of “Hold” and a consensus price target of $339.33.

Shares of BT Group PLC (NYSE BT) traded down 0.33% during mid-day trading on Thursday, hitting $20.84. The stock had a trading volume of 664,589 shares. BT Group PLC has a 52 week low of $18.06 and a 52 week high of $27.06. The stock has a 50-day moving average price of $19.44 and a 200 day moving average price of $20.01. The stock has a market cap of $41.42 billion, a P/E ratio of 20.04 and a beta of 1.05.

BT Group PLC (NYSE:BT) last issued its quarterly earnings results on Wednesday, May 10th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. The firm had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.88 billion. BT Group PLC had a net margin of 7.14% and a return on equity of 40.09%. On average, equities analysts forecast that BT Group PLC will post $1.84 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Trust Advisors LP boosted its position in shares of BT Group PLC by 20.6% in the first quarter. First Trust Advisors LP now owns 122,664 shares of the utilities provider’s stock worth $2,464,000 after buying an additional 20,992 shares during the last quarter. Wright Investors Service Inc. acquired a new position in shares of BT Group PLC during the first quarter worth approximately $267,000. Miller Howard Investments Inc. NY boosted its position in shares of BT Group PLC by 4.4% in the first quarter. Miller Howard Investments Inc. NY now owns 553,619 shares of the utilities provider’s stock worth $11,122,000 after buying an additional 23,374 shares during the last quarter. Dubuque Bank & Trust Co. acquired a new position in shares of BT Group PLC during the first quarter worth approximately $1,557,000. Finally, Sit Investment Associates Inc. acquired a new position in shares of BT Group PLC during the first quarter worth approximately $1,240,000. Institutional investors and hedge funds own 1.03% of the company’s stock.

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