BT Group PLC (NYSE:BT)‘s stock had its “underperform” rating reaffirmed by stock analysts at BNP Paribas in a report released on Thursday. They currently have a GBX 240 ($3.10) price target on the utilities provider’s stock.

Several other analysts also recently commented on the company. Goldman Sachs Group, Inc. (The) cut their target price on BT Group PLC from GBX 350 ($4.52) to GBX 340 ($4.39) and set a “neutral” rating on the stock in a research note on Wednesday, May 24th. Exane BNP Paribas downgraded BT Group PLC from a “neutral” rating to an “underperform” rating in a research note on Thursday, May 25th. Citigroup Inc. reiterated a “buy” rating on shares of BT Group PLC in a research note on Monday, May 29th. Jefferies Group LLC cut their target price on BT Group PLC from GBX 325 ($4.20) to GBX 280 ($3.62) and set a “hold” rating on the stock in a research note on Wednesday, May 31st. Finally, Morgan Stanley downgraded BT Group PLC from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, May 31st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $340.06.

BT Group PLC (BT) opened at 19.48 on Thursday. The stock has a market cap of $38.72 billion, a PE ratio of 18.82 and a beta of 1.06. BT Group PLC has a 12 month low of $18.06 and a 12 month high of $26.35. The company’s 50 day moving average price is $19.51 and its 200 day moving average price is $19.78.

COPYRIGHT VIOLATION WARNING: This piece was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/16/bt-group-plc-bt-rating-reiterated-by-bnp-paribas.html.

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. bought a new position in BT Group PLC in the 1st quarter worth $316,000. Stevens Capital Management LP raised its holdings in BT Group PLC by 122.8% in the 1st quarter. Stevens Capital Management LP now owns 24,556 shares of the utilities provider’s stock worth $493,000 after purchasing an additional 13,536 shares during the period. Freestone Capital Holdings LLC raised its holdings in BT Group PLC by 18.1% in the 2nd quarter. Freestone Capital Holdings LLC now owns 172,691 shares of the utilities provider’s stock worth $3,352,000 after purchasing an additional 26,410 shares during the period. Bank of Montreal Can raised its holdings in BT Group PLC by 252.2% in the 1st quarter. Bank of Montreal Can now owns 46,862 shares of the utilities provider’s stock worth $941,000 after purchasing an additional 33,555 shares during the period. Finally, M&T Bank Corp raised its holdings in BT Group PLC by 191.3% in the 1st quarter. M&T Bank Corp now owns 70,240 shares of the utilities provider’s stock worth $1,411,000 after purchasing an additional 46,125 shares during the period. 0.99% of the stock is currently owned by institutional investors.

About BT Group PLC

Analyst Recommendations for BT Group PLC (NYSE:BT)

Receive News & Stock Ratings for BT Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BT Group PLC and related stocks with our FREE daily email newsletter.