Today, Macquarie Downgraded BT Group PLC (BT) Price Target to GBX 300

Today, Macquarie Downgraded BT Group PLC (BT) Price Target to GBX 300

BT Group PLC (NYSE:BT) had its target price dropped by Macquarie from GBX 310 ($3.87) to GBX 300 ($3.75) in a report issued on Wednesday, StockTargetPrices.com reports. The firm currently has an “underperform” rating on the stock.

A number of other analysts have also commented on BT. Societe Generale reaffirmed a “buy” rating and set a GBX 500 ($6.25) price objective on shares of BT Group PLC in a research note on Tuesday, August 9th. HSBC reaffirmed a “buy” rating and set a GBX 480 ($6.00) price objective on shares of BT Group PLC in a research note on Friday, August 5th. Haitong Bank reduced their price objective on shares of BT Group PLC from GBX 600 ($7.50) to GBX 560 ($7.00) and set a “buy” rating for the company in a research note on Tuesday, August 2nd. Beaufort Securities reaffirmed a “buy” rating on shares of BT Group PLC in a research note on Friday, July 29th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of BT Group PLC in a research note on Wednesday, July 27th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. BT Group PLC currently has an average rating of “Hold” and an average target price of $438.29.

Shares of BT Group PLC (NYSE:BT) opened at 22.74 on Wednesday. The firm’s 50-day moving average is $23.16 and its 200 day moving average is $26.69. BT Group PLC has a 1-year low of $21.61 and a 1-year high of $37.63. The stock has a market capitalization of $45.17 billion, a P/E ratio of 12.92 and a beta of 1.15.

Several large investors have recently made changes to their positions in BT. Royal Bank of Canada increased its stake in shares of BT Group PLC by 19.9% in the first quarter. Royal Bank of Canada now owns 741,807 shares of the company’s stock valued at $23,796,000 after buying an additional 122,967 shares during the last quarter. Avalon Advisors LLC bought a new stake in shares of BT Group PLC during the first quarter valued at about $276,000. Fulton Bank N.A. increased its stake in shares of BT Group PLC by 7.2% in the second quarter. Fulton Bank N.A. now owns 13,558 shares of the company’s stock valued at $377,000 after buying an additional 910 shares during the last quarter. Baxter Bros Inc. bought a new stake in shares of BT Group PLC during the second quarter valued at about $373,000. Finally, NEXT Financial Group Inc increased its stake in shares of BT Group PLC by 0.9% in the second quarter. NEXT Financial Group Inc now owns 5,375 shares of the company’s stock valued at $149,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 1.14% of the company’s stock.

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