Jefferies Group LLC reiterated their hold rating on shares of BT Group PLC (NYSE:BT) in a research report report published on Tuesday. Jefferies Group LLC currently has a GBX 280 ($3.78) target price on the utilities provider’s stock.

Several other equities analysts have also commented on BT. Barclays PLC reissued an overweight rating and set a GBX 450 ($6.07) price target on shares of BT Group PLC in a research report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a GBX 340 ($4.58) price target on shares of BT Group PLC in a research report on Monday. BNP Paribas reissued an underperform rating and set a GBX 240 ($3.24) price target on shares of BT Group PLC in a research report on Thursday, September 14th. BidaskClub lowered BT Group PLC from a buy rating to a hold rating in a research report on Friday, August 18th. Finally, J P Morgan Chase & Co reissued a neutral rating and set a GBX 290 ($3.91) price target on shares of BT Group PLC in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $340.06.

Shares of BT Group PLC (BT) opened at 19.54 on Tuesday. The company has a 50-day moving average of $19.44 and a 200 day moving average of $19.76. The firm has a market cap of $38.84 billion, a PE ratio of 18.79 and a beta of 1.06. BT Group PLC has a one year low of $18.06 and a one year high of $26.35.

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A number of institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada grew its stake in BT Group PLC by 22.8% during the 2nd quarter. Royal Bank of Canada now owns 1,245,026 shares of the utilities provider’s stock worth $24,166,000 after buying an additional 230,781 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of BT Group PLC by 1,839.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,048,354 shares of the utilities provider’s stock worth $20,349,000 after purchasing an additional 994,311 shares in the last quarter. Sit Investment Associates Inc. grew its stake in shares of 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 purchasing an additional 659,380 shares in the last quarter. Jane Street Group LLC bought a new position in shares of BT Group PLC in the first quarter worth $12,554,000. Finally, FMR LLC grew its stake in shares of BT Group PLC by 10.5% in the first quarter. FMR LLC now owns 441,888 shares of the utilities provider’s stock worth $8,878,000 after purchasing an additional 42,130 shares in the last quarter. Hedge funds and other institutional investors own 0.99% of the company’s stock.

About BT Group PLC

Analyst Recommendations for BT Group PLC (NYSE:BT)

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