BT Group PLC (BT) Earns “Hold” Rating from Jefferies Group LLC
Jefferies Group LLC restated their hold rating on shares of BT Group PLC (NYSE:BT) in a research note released on Wednesday morning, StockTargetPrices.com reports. The brokerage currently has a GBX 280 ($3.62) target price on the utilities provider’s stock.
Other equities research analysts have also recently issued research reports about the company. Citigroup Inc. reissued a buy rating on shares of BT Group PLC in a research note on Monday, May 29th. ValuEngine raised BT Group PLC from a hold rating to a buy rating in a research note on Thursday, July 6th. Numis Securities Ltd started coverage on BT Group PLC in a research note on Thursday, July 13th. They issued a buy rating and a GBX 390 ($5.04) price objective for the company. BidaskClub raised BT Group PLC from a hold rating to a buy rating in a research note on Monday, July 31st. Finally, Zacks Investment Research raised BT Group PLC from a hold rating to a buy rating and set a $21.00 price objective for the company in a research note on Monday, August 28th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $340.06.
BT Group PLC (BT) opened at 19.48 on Wednesday. The firm’s 50-day moving average price is $19.51 and its 200-day moving average price is $19.78. BT Group PLC has a 52-week low of $18.06 and a 52-week high of $26.35. The firm has a market cap of $38.72 billion, a P/E ratio of 18.82 and a beta of 1.06.
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Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new stake in BT Group PLC during the second quarter worth $129,000. Creative Planning raised its stake in shares of BT Group PLC by 5.9% in the second quarter. Creative Planning now owns 6,750 shares of the utilities provider’s stock valued at $131,000 after buying an additional 377 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of BT Group PLC in the first quarter valued at $205,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of BT Group PLC in the first quarter valued at $211,000. Finally, Stephens Inc. AR bought a new stake in shares of BT Group PLC in the first quarter valued at $218,000. Institutional investors and hedge funds own 0.99% of the company’s stock.
About BT Group PLC
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