Trading Report: The BT Group PLC (BT) Stock Rating Reaffirmed by Jefferies Group

The BT Group PLC (BT) Stock Rating Reaffirmed by Jefferies Group

Jefferies Group reiterated their hold rating on shares of BT Group PLC (NYSE:BT) in a report released on Monday morning, StockTargetPrices.com reports. They currently have a GBX 400 ($5.22) target price on the stock.

Other analysts also recently issued research reports about the stock. Macquarie raised shares of BT Group PLC from an underperform rating to a neutral rating in a research report on Tuesday, June 28th. Goldman Sachs Group Inc. reissued a conviction-buy rating on shares of BT Group PLC in a research report on Thursday, June 16th. Berenberg Bank reduced their price target on shares of BT Group PLC from GBX 535 ($6.98) to GBX 506 ($6.60) and set a buy rating for the company in a research report on Monday, June 13th. Societe Generale reissued a buy rating and issued a GBX 545 ($7.11) price target on shares of BT Group PLC in a research report on Monday, June 13th. Finally, Deutsche Bank AG reissued a sell rating and issued a GBX 410 ($5.35) price target on shares of BT Group PLC in a research report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $453.94.

BT Group PLC (NYSE:BT) opened at 23.87 on Monday. The firm has a market capitalization of $47.42 billion, a P/E ratio of 12.56 and a beta of 1.14. The firm has a 50 day moving average of $25.69 and a 200 day moving average of $28.86. BT Group PLC has a 12-month low of $23.74 and a 12-month high of $37.69.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Miller Howard Investments Inc. NY bought a new position in BT Group PLC during the second quarter worth $7,453,000. Thornburg Investment Management Inc. bought a new position in BT Group PLC during the second quarter worth $6,736,000. Renaissance Technologies LLC raised its position in BT Group PLC by 4.5% in the first quarter. Renaissance Technologies LLC now owns 3,871,801 shares of the company’s stock worth $124,207,000 after buying an additional 165,101 shares during the last quarter. Royal Bank of Canada raised its position 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, Mirae Asset Global Investments Co. Ltd. bought a new position in BT Group PLC during the first quarter worth $3,305,000. 1.17% of the stock is owned by institutional investors and hedge funds.

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