BT Group PLC (BT) Downgraded by Beaufort Securities
Beaufort Securities lowered shares of BT Group PLC (NYSE:BT) to a hold rating in a report released on Friday morning, StockTargetPrices.com reports. The firm currently has GBX 265 ($3.49) price objective on the utilities provider’s stock, down from their prior price objective of GBX 340 ($4.47).
Several other analysts also recently issued reports on the company. ValuEngine upgraded BT Group PLC from a hold rating to a buy rating in a report on Thursday, July 6th. Deutsche Bank AG reiterated a sell rating and issued a GBX 265 ($3.49) price target on shares of BT Group PLC in a report on Tuesday, July 11th. J P Morgan Chase & Co reiterated a neutral rating and issued a GBX 290 ($3.81) price target on shares of BT Group PLC in a report on Wednesday, July 12th. Numis Securities Ltd started coverage on BT Group PLC in a report on Thursday, July 13th. They issued a buy rating and a GBX 390 ($5.13) price target for the company. Finally, Macquarie raised their target price on BT Group PLC from GBX 330 ($4.34) to GBX 340 ($4.47) and gave the company an outperform rating in a research note on Monday, July 17th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $318.94.
BT Group PLC (NYSE BT) traded up $0.26 during mid-day trading on Friday, hitting $16.77. The stock had a trading volume of 800,825 shares, compared to its average volume of 687,733. The firm has a market cap of $32,746.97, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 4.59 and a beta of 0.98. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. BT Group PLC has a 1-year low of $16.44 and a 1-year high of $24.65.
The business also recently disclosed a None dividend, which will be paid on Monday, February 12th. Investors of record on Friday, December 29th will be paid a dividend of $0.297 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a dividend yield of 3.84%. BT Group PLC’s dividend payout ratio is presently 91.35%.
Several hedge funds and other institutional investors have recently bought and sold shares of BT. Sei Investments Co. grew its position in BT Group PLC by 47.0% in the third quarter. Sei Investments Co. now owns 23,616 shares of the utilities provider’s stock worth $454,000 after buying an additional 7,549 shares during the last quarter. FDx Advisors Inc. acquired a new position in BT Group PLC in the third quarter worth approximately $233,000. Bank of Hawaii grew its position in BT Group PLC by 15.9% in the third quarter. Bank of Hawaii now owns 25,199 shares of the utilities provider’s stock worth $485,000 after buying an additional 3,448 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in BT Group PLC in the third quarter worth approximately $3,613,000. Finally, Aperio Group LLC grew its position in BT Group PLC by 40.8% in the third quarter. Aperio Group LLC now owns 497,907 shares of the utilities provider’s stock worth $9,580,000 after buying an additional 144,367 shares during the last quarter. Institutional investors and hedge funds own 0.99% of the company’s stock.
BT Group PLC Company Profile
Receive News & Ratings for BT Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BT Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.