BT Group PLC’s (BT) Underperform Rating Reaffirmed at BNP Paribas
BNP Paribas reissued their underperform rating on shares of BT Group PLC (NYSE:BT) in a report released on Thursday. BNP Paribas currently has a GBX 240 ($3.10) price objective on the utilities provider’s stock.
Several other analysts have also issued reports on the company. Zacks Investment Research lowered BT Group PLC from a buy rating to a hold rating in a report on Tuesday, August 29th. Bank of America Corporation lowered BT Group PLC from a buy rating to a neutral rating in a report on Monday, June 19th. Exane BNP Paribas lowered BT Group PLC from a neutral rating to an underperform rating in a report on Thursday, May 25th. Macquarie upgraded BT Group PLC from a neutral rating to an outperform rating and upped their target price for the stock from $270.00 to $330.00 in a report on Tuesday, June 27th. Finally, Deutsche Bank AG reiterated a sell rating and set a GBX 265 ($3.42) target price on shares of BT Group PLC in a report on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. BT Group PLC currently has an average rating of Hold and a consensus price target of $340.06.
Shares of BT Group PLC (NYSE:BT) traded up 1.67% on Thursday, hitting $19.46. The company had a trading volume of 623,341 shares. BT Group PLC has a 12-month low of $18.06 and a 12-month high of $26.35. The firm has a 50 day moving average of $19.55 and a 200-day moving average of $19.78. The firm has a market capitalization of $38.68 billion, a P/E ratio of 18.80 and a beta of 1.06.
A number of large investors have recently modified their holdings of BT. Russell Investments Group Ltd. acquired a new stake in BT Group PLC during the second quarter worth approximately $129,000. Creative Planning grew its position in BT Group PLC by 5.9% during the second quarter. Creative Planning now owns 6,750 shares of the utilities provider’s stock worth $131,000 after buying an additional 377 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in BT Group PLC during the first quarter worth approximately $205,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in BT Group PLC during the first quarter worth approximately $211,000. Finally, Stephens Inc. AR grew its position in BT Group PLC by 3.2% during the second quarter. Stephens Inc. AR now owns 11,204 shares of the utilities provider’s stock worth $217,000 after buying an additional 343 shares in the last quarter. 0.99% of the stock is currently owned by institutional investors and hedge funds.
BT Group PLC Company Profile
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