BT Group PLC (BT) Shares Gap Up to $26.24
BT Group PLC (NYSE:BT) gapped up before the market opened 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 changing hands.
A number of equities research analysts have issued reports on BT shares. Morgan Stanley reissued an “equal weight” rating and set a GBX 500 ($6.57) price target on shares of BT Group PLC in a research report on Thursday, April 28th. Barclays PLC reissued an “overweight” rating and set a GBX 600 ($7.88) price target on shares of BT Group PLC in a research report on Tuesday, May 3rd. Citigroup Inc. reissued a “neutral” rating and set a GBX 490 ($6.44) price target on shares of BT Group PLC in a research report on Tuesday, May 3rd. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 510 ($6.70) price target on shares of BT Group PLC in a research report on Tuesday, May 3rd. Finally, Zacks Investment Research raised BT Group PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $457.00.
The stock’s 50 day moving average is $26.47 and its 200 day moving average is $30.49. The stock has a market cap of $52.11 billion and a PE ratio of 13.73.
The firm also recently announced a dividend, which will be paid on Tuesday, September 13th. Shareholders of record on Friday, August 12th will be issued a dividend of $0.662 per share. This is a positive change from BT Group PLC’s previous dividend of $0.32. The ex-dividend date of this dividend is Wednesday, August 10th.
A hedge fund recently raised its stake in BT Group PLC stock. Stephens Inc. AR boosted its stake in shares of BT Group PLC (NYSE:BT) by 100.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent 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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