Today, BT Group PLC (BT) Receives $466.07 Consensus Price Target from Analysts

Today, BT Group PLC (BT) Receives $466.07 Consensus Price Target from Analysts
BT Group PLC (NYSE:BT) has received a consensus recommendation of “Hold” from the nineteen brokerages that are presently covering the stock. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $465.40.

Several research analysts recently commented on BT shares. Deutsche Bank AG restated a “sell” rating and issued a GBX 390 ($4.87) price target on shares of BT Group PLC in a report on Tuesday, September 13th. Macquarie lowered shares of BT Group PLC from a “neutral” rating to an “underperform” rating and cut their price target for the company from $360.00 to $310.00 in a report on Friday, October 7th. Haitong Bank restated a “buy” rating and issued a GBX 560 ($7.00) price target on shares of BT Group PLC in a report on Tuesday, October 4th. Goldman Sachs Group Inc. restated a “buy” rating on shares of BT Group PLC in a report on Tuesday, October 18th. Finally, TheStreet lowered shares of BT Group PLC from a “buy” rating to a “hold” rating in a report on Monday, September 19th.

Shares of BT Group PLC (NYSE:BT) opened at 22.74 on Tuesday. BT Group PLC has a 12 month low of $21.61 and a 12 month high of $37.63. The stock’s 50 day moving average is $23.16 and its 200 day moving average is $26.69. The stock has a market cap of $45.17 billion, a P/E ratio of 12.92 and a beta of 1.15.

A number of large investors have recently bought and sold shares of the stock. Miller Howard Investments Inc. NY bought a new stake in BT Group PLC during the second quarter worth about $7,453,000. Thornburg Investment Management Inc. bought a new stake in BT Group PLC during the second quarter worth about $6,736,000. JPMorgan Chase & Co. boosted its stake in BT Group PLC by 198.6% in the third quarter. JPMorgan Chase & Co. now owns 342,739 shares of the company’s stock worth $8,716,000 after buying an additional 227,938 shares during the last quarter. Royal Bank of Canada boosted its stake in BT Group PLC by 19.9% in the first quarter. Royal Bank of Canada now owns 741,807 shares of the company’s stock worth $23,796,000 after buying an additional 122,967 shares during the last quarter. Finally, Grimes & Company Inc. bought a new stake in BT Group PLC during the third quarter worth about $1,957,000. Institutional investors own 1.14% of the company’s stock.

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