BT Group PLC (NYSE:BT)‘s stock had its “buy” rating reissued by analysts at Numis Securities Ltd in a research note issued to investors on Monday, StockTargetPrices.com reports. They presently have a GBX 390 ($5.08) target price on the utilities provider’s stock.

Other analysts also recently issued reports about the company. HSBC Holdings plc lowered their price objective on BT Group PLC from GBX 420 ($5.47) to GBX 370 ($4.82) and set a “buy” rating for the company in a research note on Friday, April 21st. Zacks Investment Research raised BT Group PLC from a “sell” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Monday, May 8th. Beaufort Securities lowered their price objective on BT Group PLC from GBX 390 ($5.08) to GBX 340 ($4.43) and set a “buy” rating for the company in a research note on Friday, May 12th. Citigroup Inc. reissued a “buy” rating on shares of BT Group PLC in a research note on Monday, May 15th. Finally, ValuEngine raised BT Group PLC from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $339.33.

BT Group PLC (BT) opened at 20.79 on Monday. The company has a market capitalization of $41.32 billion, a P/E ratio of 19.99 and a beta of 1.05. BT Group PLC has a 1-year low of $18.06 and a 1-year high of $26.80. The firm has a 50-day moving average price of $19.58 and a 200-day moving average price of $20.03.

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 during the quarter, compared to the consensus estimate of $7.88 billion. BT Group PLC had a return on equity of 40.09% and a net margin of 7.14%. On average, analysts forecast that BT Group PLC will post $1.84 EPS for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. Sit Investment Associates Inc. raised its position in BT Group PLC by 1,068.7% in the second quarter. Sit Investment Associates Inc. now owns 721,080 shares of the utilities provider’s stock worth $13,996,000 after buying an additional 659,380 shares during the last quarter. Jane Street Group LLC bought a new position in BT Group PLC during the first quarter worth approximately $12,554,000. Karp Capital Management Corp bought a new position in BT Group PLC during the first quarter worth approximately $6,762,000. Bank of Montreal Can raised its position in BT Group PLC by 325.9% in the second quarter. Bank of Montreal Can now owns 199,604 shares of the utilities provider’s stock worth $3,875,000 after buying an additional 152,742 shares during the last quarter. Finally, Federated Investors Inc. PA raised its position in BT Group PLC by 34.0% in the second quarter. Federated Investors Inc. PA now owns 427,900 shares of the utilities provider’s stock worth $8,306,000 after buying an additional 108,640 shares during the last quarter. 1.03% of the stock is owned by institutional investors and hedge funds.

About BT Group PLC

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