The BT Group PLC (BT) Receives “Neutral” Rating from JPMorgan Chase & Co.

The BT Group PLC (BT) Receives “Neutral” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of BT Group PLC (NYSE:BT) in a research note published on Thursday.

A number of other research firms have also commented on BT. Goldman Sachs Group Inc. restated a buy rating on shares of BT Group PLC in a research report on Monday, July 18th. Deutsche Bank AG restated a sell rating and issued a GBX 390 ($4.83) price objective on shares of BT Group PLC in a research report on Tuesday, September 6th. Credit Suisse Group AG lowered shares of BT Group PLC from an outperform rating to a neutral rating and cut their price objective for the company from GBX 510 ($6.31) to GBX 400 ($4.95) in a research report on Monday, June 27th. BNP Paribas restated a neutral rating and issued a GBX 395 ($4.89) price objective on shares of BT Group PLC in a research report on Thursday, October 6th. Finally, Jefferies Group cut their price objective on shares of BT Group PLC from GBX 405 ($5.01) to GBX 400 ($4.95) and set a hold rating for the company in a research report on Monday, August 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and an average price target of $451.17.

BT Group PLC (NYSE:BT) traded up 1.1796% during trading on Thursday, reaching $23.1499. 188,319 shares of the company were exchanged. The company has a market capitalization of $45.99 billion, a P/E ratio of 12.4462 and a beta of 1.14. BT Group PLC has a one year low of $22.49 and a one year high of $37.69. The firm’s 50-day moving average is $25.24 and its 200 day moving average is $28.57.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. increased its position in shares of BT Group PLC by 33.1% in the second quarter. Sei Investments Co. now owns 4,131 shares of the company’s stock worth $115,000 after buying an additional 1,027 shares during the last quarter. MSI Financial Services Inc increased its position in shares of BT Group PLC by 15.4% in the third quarter. MSI Financial Services Inc now owns 5,675 shares of the company’s stock worth $144,000 after buying an additional 756 shares during the last quarter. NEXT Financial Group Inc increased its position 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 worth $149,000 after buying an additional 50 shares during the last quarter. Advisor Group Inc. bought a new position in shares of BT Group PLC during the second quarter worth about $169,000. Finally, Creative Planning increased its position in shares of BT Group PLC by 394.9% in the second quarter. Creative Planning now owns 6,642 shares of the company’s stock worth $185,000 after buying an additional 5,300 shares during the last quarter. 1.17% of the stock is currently owned by institutional investors and hedge funds.

BT Group PLC Company Profile

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