BT Group PLC (NYSE:BT) had its target price decreased by Jefferies Group from GBX 400 ($4.96) to GBX 385 ($4.78) in a research report report published on Monday morning, StockTargetPrices.com reports. Jefferies Group currently has a hold rating on the stock.

Other research analysts have also recently issued reports about the company. Societe Generale reissued a buy rating and issued a GBX 500 ($6.20) price target on shares of BT Group PLC in a report on Tuesday, August 9th. HSBC reissued a buy rating and issued a GBX 480 ($5.95) price target on shares of BT Group PLC in a report on Friday, August 5th. Haitong Bank lowered their price target on BT Group PLC from GBX 600 ($7.44) to GBX 560 ($6.95) and set a buy rating on the stock in a report on Tuesday, August 2nd. Goldman Sachs Group Inc. reissued a buy rating on shares of BT Group PLC in a report on Tuesday, October 18th. Finally, Citigroup Inc. reissued a buy rating and issued a GBX 460 ($5.71) price target on shares of BT Group PLC in a report on Wednesday, October 19th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and an average target price of $437.41.

BT Group PLC (NYSE:BT) opened at 22.53 on Monday. BT Group PLC has a one year low of $21.61 and a one year high of $36.49. The stock has a 50 day moving average of $23.02 and a 200 day moving average of $26.38. The company has a market cap of $44.75 billion, a PE ratio of 12.91 and a beta of 1.15.

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Large investors have recently modified their holdings of the company. Miller Howard Investments Inc. NY bought a new stake in shares of BT Group PLC during the second quarter worth $7,453,000. Thornburg Investment Management Inc. bought a new stake in shares of BT Group PLC during the second quarter worth $6,736,000. JPMorgan Chase & Co. boosted its stake in shares of BT Group PLC by 198.6% in the third quarter. JPMorgan Chase & Co. now owns 342,739 shares of the company’s stock worth $8,716,000 after buying an additional 227,938 shares during the period. Royal Bank of Canada boosted its stake in shares of BT Group PLC by 19.9% in the first quarter. Royal Bank of Canada now owns 741,807 shares of the company’s stock worth $23,796,000 after buying an additional 122,967 shares during the period. Finally, Grimes & Company Inc. bought a new stake in shares of BT Group PLC during the third quarter worth $1,957,000. Hedge funds and other institutional investors own 1.09% of the company’s stock.

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