BT Group PLC (BT) Shares Gap Up to $25.89
BT Group PLC (NYSE:BT)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $25.83, but opened at $25.89. BT Group PLC shares last traded at $26.10, with a volume of 247,022 shares changing hands.
Several equities analysts recently commented on the stock. Haitong Bank cut their price target on shares of BT Group PLC from GBX 600 ($7.73) to GBX 560 ($7.21) and set a “buy” rating on the stock in a report on Tuesday, August 2nd. Citigroup Inc. reiterated a “neutral” rating on shares of BT Group PLC in a report on Monday, May 9th. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of BT Group PLC in a report on Wednesday, July 27th. Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 510 ($6.57) price target on shares of BT Group PLC in a report on Thursday, April 21st. Finally, Barclays PLC reiterated an “overweight” rating on shares of BT Group PLC in a report on Saturday, May 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $457.00.
The company has a market capitalization of $52.05 billion and a price-to-earnings ratio of 13.75. The stock has a 50-day moving average price of $26.62 and a 200-day moving average price of $30.82.
The business also recently declared a dividend, which will be paid on Tuesday, September 13th. Shareholders of record on Friday, August 12th will be given a dividend of $0.662 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This is a boost from BT Group PLC’s previous dividend of $0.32.
Several large investors recently made changes to their positions in the stock. First Trust Advisors LP boosted its stake in shares of BT Group PLC by 64.0% in the fourth quarter. First Trust Advisors LP now owns 52,885 shares of the company’s stock worth $1,830,000 after buying an additional 20,629 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of BT Group PLC by 100.8% in the fourth quarter. Stephens Inc. AR now owns 42,414 shares of the company’s stock worth $1,468,000 after buying an additional 21,290 shares in the last quarter. Eaton Vance Management boosted its stake in shares of BT Group PLC by 98.7% in the fourth quarter. Eaton Vance Management now owns 68,624 shares of the company’s stock worth $2,375,000 after buying an additional 34,096 shares in the last quarter. US Bancorp DE boosted its stake in shares of BT Group PLC by 97.5% in the fourth quarter. US Bancorp DE now owns 97,417 shares of the company’s stock worth $3,372,000 after buying an additional 48,080 shares in the last quarter. Finally, Calvert Investment Management Inc. boosted its stake in shares of BT Group PLC by 470.9% in the fourth quarter. Calvert Investment Management Inc. now owns 448,340 shares of the company’s stock worth $15,517,000 after buying an additional 369,803 shares in the last quarter.
BT Group plc is a communications services company. The Company’s activities are the provision of fixed-line services, broadband, mobile and television products and services, as well as managed networked information technology (IT) services in both the United Kingdom and across the globe. The Company operates in five segments: BT Global Services, BT Business, BT Consumer, BT Wholesale and Openreach.
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