Today: BT Group PLC (BT) Price Target Cut to GBX 385

Today: BT Group PLC (BT) Price Target Cut to GBX 385

BT Group PLC (NYSE:BT) had its price target reduced by Jefferies Group from GBX 400 ($5.00) to GBX 385 ($4.81) in a research note issued to investors on Monday, StockTargetPrices.com reports. The firm presently has a “hold” rating on the stock.

Several other research analysts have also weighed in on the stock. Deutsche Bank AG reissued a “sell” rating and set a GBX 345 ($4.31) price objective on shares of BT Group PLC in a research note on Friday, October 28th. BNP Paribas reissued a “neutral” rating and set a GBX 395 ($4.94) price objective on shares of BT Group PLC in a research note on Thursday, October 6th. 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 on the stock in a research note on Tuesday, August 2nd. Zacks Investment Research lowered shares of BT Group PLC from a “hold” rating to a “sell” rating in a research note on Monday, October 17th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of BT Group PLC in a research note on Thursday, October 13th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $437.41.

BT Group PLC (NYSE:BT) traded down 2.64% on Monday, reaching $22.10. 305,705 shares of the company were exchanged. BT Group PLC has a 12-month low of $21.61 and a 12-month high of $37.63. The stock has a 50 day moving average of $23.09 and a 200 day moving average of $26.63. The firm has a market capitalization of $43.90 billion, a PE ratio of 12.66 and a beta of 1.15.

Several institutional investors have recently added to or reduced their stakes in the stock. Credit Suisse AG acquired a new position in BT Group PLC during the third quarter valued at approximately $965,000. Jane Street Group LLC acquired a new position in BT Group PLC during the third quarter valued at approximately $897,000. OLD Mission Capital LLC acquired a new position in BT Group PLC during the third quarter valued at approximately $716,000. The Manufacturers Life Insurance Company acquired a new position in BT Group PLC during the third quarter valued at approximately $188,000. Finally, Two Sigma Advisers LP increased its position in BT Group PLC by 163.2% in the third quarter. Two Sigma Advisers LP now owns 25,000 shares of the company’s stock valued at $636,000 after buying an additional 15,500 shares during the period. Hedge funds and other institutional investors own 1.09% of the company’s stock.

BT Group PLC Company Profile

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