BT Group PLC (NYSE:BT) shares gapped up prior to trading on Tuesday . The stock had previously closed at $26.06, but opened at $26.24. BT Group PLC shares last traded at $26.55, with a volume of 259,983 shares traded.

Several research analysts recently weighed in on the stock. Haitong Bank dropped their price objective on shares of BT Group PLC from GBX 600 ($7.88) to GBX 560 ($7.36) and set a “buy” rating for the company in a research report on Tuesday, August 2nd. Citigroup Inc. reaffirmed a “neutral” rating on shares of BT Group PLC in a report on Monday, May 9th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of BT Group PLC in a report on Wednesday, July 27th. Barclays PLC reaffirmed an “overweight” rating on shares of BT Group PLC in a report on Tuesday. Finally, Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 410 ($5.39) target price on shares of BT Group PLC in a report on Wednesday, July 20th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $457.00.

The company has a 50 day moving average of $26.48 and a 200 day moving average of $30.52. The firm has a market cap of $52.70 billion and a PE ratio of 14.00.

The firm also recently declared a dividend, which will be paid on Tuesday, September 13th. Stockholders of record on Friday, August 12th will be paid a dividend of $0.662 per share. This is an increase from BT Group PLC’s previous dividend of $0.32. The ex-dividend date of this dividend is Wednesday, August 10th.

An institutional investor recently raised its position in BT Group PLC stock. Stephens Inc. AR boosted its position in BT Group PLC (NYSE:BT) by 100.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,414 shares of the company’s stock after buying an additional 21,290 shares during the period. Stephens Inc. AR’s holdings in BT Group PLC were worth $1,468,000 as of its most recent SEC filing.

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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