Deutsche Bank AG Reaffirms “Sell” Rating for BT Group PLC (BT)
Deutsche Bank AG reiterated their sell rating on shares of BT Group PLC (NYSE:BT) in a research note published on Monday, StockTargetPrices.com reports. Deutsche Bank AG currently has a GBX 265 ($3.45) price target on the utilities provider’s stock.
A number of other research firms have also issued reports on BT. Goldman Sachs Group, Inc. (The) reduced their target price on shares of BT Group PLC from GBX 350 ($4.56) to GBX 340 ($4.43) and set a neutral rating on the stock in a report on Wednesday, May 24th. BNP Paribas lowered shares of BT Group PLC from a neutral rating to an underperform rating in a report on Thursday, May 25th. Exane BNP Paribas lowered shares of BT Group PLC from a neutral rating to an underperform rating in a report on Thursday, May 25th. J P Morgan Chase & Co reiterated a neutral rating and set a GBX 330 ($4.30) target price on shares of BT Group PLC in a report on Monday, March 27th. Finally, Macquarie reiterated a neutral rating and set a GBX 270 ($3.52) target price on shares of BT Group PLC in a report on Monday, May 8th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $343.78.
BT Group PLC (BT) opened at 20.56 on Monday. BT Group PLC has a one year low of $18.06 and a one year high of $27.83. The company’s 50-day moving average is $19.28 and its 200 day moving average is $20.13. The stock has a market capitalization of $40.78 billion, a price-to-earnings ratio of 16.45 and a beta of 1.04.
BT Group PLC (NYSE:BT) last issued its quarterly earnings data on Wednesday, May 10th. The utilities provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.88 billion. BT Group PLC had a net margin of 8.48% and a return on equity of 36.64%. Equities analysts expect that BT Group PLC will post $3.83 EPS for the current year.
The business also recently announced a semiannual dividend, which will be paid on Tuesday, September 12th. Investors of record on Friday, August 11th will be given a $0.6804 dividend. This represents a dividend yield of 6.86%. The ex-dividend date of this dividend is Wednesday, August 9th. BT Group PLC’s dividend payout ratio (DPR) is 70.87%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP increased its position in BT Group PLC by 20.6% in the first quarter. First Trust Advisors LP now owns 122,664 shares of the utilities provider’s stock worth $2,464,000 after buying an additional 20,992 shares during the period. Wright Investors Service Inc. bought a new position in BT Group PLC during the first quarter worth approximately $267,000. Miller Howard Investments Inc. NY increased its position in BT Group PLC by 4.4% in the first quarter. Miller Howard Investments Inc. NY now owns 553,619 shares of the utilities provider’s stock worth $11,122,000 after buying an additional 23,374 shares during the period. Dubuque Bank & Trust Co. bought a new position in BT Group PLC during the first quarter worth approximately $1,557,000. Finally, Sit Investment Associates Inc. bought a new position in BT Group PLC during the first quarter worth approximately $1,240,000. 1.02% of the stock is currently owned by hedge funds and other institutional investors.
BT Group PLC Company Profile
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