Todays Report: The Haitong Bank Reiterates “Buy” Rating for BT Group PLC (BT)

The Haitong Bank Reiterates “Buy” Rating for BT Group PLC (BT)

Haitong Bank reaffirmed their buy rating on shares of BT Group PLC (NYSE:BT) in a report issued on Tuesday, StockTargetPrices.com reports. Haitong Bank currently has a GBX 560 ($7.31) price objective on the stock.

A number of other analysts have also recently commented on the stock. Goldman Sachs Group Inc. reaffirmed a buy rating on shares of BT Group PLC in a research report on Monday, July 18th. Deutsche Bank AG reaffirmed a sell rating and set a GBX 390 ($5.09) price target on shares of BT Group PLC in a research report on Tuesday, September 6th. Credit Suisse Group AG cut shares of BT Group PLC from an outperform rating to a neutral rating and cut their price target for the company from GBX 510 ($6.66) to GBX 400 ($5.22) in a research report on Monday, June 27th. Jefferies Group cut their price target on shares of BT Group PLC from GBX 405 ($5.29) to GBX 400 ($5.22) and set a hold rating on the stock in a research report on Monday, August 15th. Finally, BNP Paribas raised shares of BT Group PLC from an underperform rating to a neutral rating in a research report on Thursday, September 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $453.94.

BT Group PLC (NYSE:BT) opened at 23.20 on Tuesday. The company’s 50-day moving average price is $25.61 and its 200-day moving average price is $28.79. BT Group PLC has a 12-month low of $22.92 and a 12-month high of $37.69. The company has a market cap of $46.09 billion, a PE ratio of 12.31 and a beta of 1.14.

A number of large investors have recently modified their holdings of the company. Commonwealth Equity Services Inc increased its stake in shares of BT Group PLC by 10.3% in the first quarter. Commonwealth Equity Services Inc now owns 14,638 shares of the company’s stock worth $470,000 after buying an additional 1,365 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of BT Group PLC by 50.3% in the first quarter. JPMorgan Chase & Co. now owns 99,702 shares of the company’s stock worth $3,199,000 after buying an additional 33,378 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of BT Group PLC during the first quarter worth about $3,305,000. Goldman Sachs Group Inc. increased its stake in shares of BT Group PLC by 4.4% in the first quarter. Goldman Sachs Group Inc. now owns 548,923 shares of the company’s stock worth $17,609,000 after buying an additional 23,383 shares during the last quarter. Finally, HBK Investments L P purchased a new stake in shares of BT Group PLC during the first quarter worth about $776,000. 1.17% of the stock is owned by institutional investors and hedge funds.

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