Trading Report: The BT Group PLC’s (BT) “Hold” Rating Reiterate at Jefferies Group

The BT Group PLC’s (BT) “Hold” Rating Reiterate at Jefferies Group

Jefferies Group restated their hold rating on shares of BT Group PLC (NYSE:BT) in a report published on Wednesday, StockTargetPrices.com reports. They currently have a GBX 400 ($4.88) price objective on the stock.

Several other research firms also recently commented on BT. Haitong Bank reiterated a buy rating and set a GBX 560 ($6.83) target price on shares of BT Group PLC in a research report on Tuesday, September 27th. Societe Generale reiterated a buy rating and set a GBX 500 ($6.09) target price on shares of BT Group PLC in a research report on Tuesday, August 9th. Deutsche Bank AG cut their target price on shares of BT Group PLC from GBX 390 ($4.75) to GBX 370 ($4.51) and set a sell rating on the stock in a research report on Monday, September 19th. Zacks Investment Research downgraded shares of BT Group PLC from a buy rating to a hold rating in a research report on Friday, July 15th. Finally, Royal Bank Of Canada reiterated an outperform rating and set a GBX 550 ($6.70) target price on shares of BT Group PLC in a research report on Friday, July 29th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $443.11.

Shares of BT Group PLC (NYSE:BT) opened at 23.10 on Wednesday. The company’s 50 day moving average is $24.45 and its 200-day moving average is $27.93. BT Group PLC has a 1-year low of $22.49 and a 1-year high of $37.69. The company has a market capitalization of $45.89 billion, a P/E ratio of 13.39 and a beta of 1.14.

A number of institutional investors have recently bought and sold shares of BT. Douglass Winthrop Advisors LLC purchased a new position in BT Group PLC during the second quarter worth about $214,000. Creative Planning increased its position in 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 in the last quarter. NEXT Financial Group Inc increased its position in 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 in the last quarter. Baxter Bros Inc. purchased a new position in BT Group PLC during the second quarter worth about $373,000. Finally, Fulton Bank N.A. increased its position in BT Group PLC by 7.2% in the second quarter. Fulton Bank N.A. now owns 13,558 shares of the company’s stock worth $377,000 after buying an additional 910 shares in the last quarter. 1.19% of the stock is currently owned by hedge funds and other institutional investors.

BT Group PLC Company Profile

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