Citigroup Inc. reaffirmed their buy rating on shares of BT Group PLC (NYSE:BT) in a report issued on Monday, July 31st, StockTargetPrices.com reports. They currently have a GBX 360 ($4.69) target price on the utilities provider’s stock.
A number of other equities research analysts also recently weighed in on BT. Macquarie raised their price objective on BT Group PLC from GBX 330 ($4.30) to GBX 340 ($4.43) and gave the company an outperform rating in a research report on Monday, July 17th. J P Morgan Chase & Co reaffirmed a neutral rating and set a GBX 290 ($3.78) price objective on shares of BT Group PLC in a research report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and set a GBX 340 ($4.43) price objective on shares of BT Group PLC in a research report on Monday, July 17th. Jefferies Group LLC dropped their price objective on BT Group PLC from GBX 325 ($4.23) to GBX 280 ($3.65) and set a hold rating on the stock in a research report on Wednesday, May 31st. Finally, Beaufort Securities downgraded BT Group PLC to a long term buy rating and set a GBX 340 ($4.43) price objective on the stock. in a research report on Friday, July 21st. Four analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. BT Group PLC currently has an average rating of Hold and an average target price of $339.33.
BT Group PLC (NYSE:BT) traded down 0.61% during trading on Monday, hitting $19.41. The stock had a trading volume of 697,733 shares. BT Group PLC has a 52-week low of $18.06 and a 52-week high of $26.76. The stock has a market capitalization of $38.58 billion, a PE ratio of 18.31 and a beta of 1.05. The stock’s 50-day moving average is $19.82 and its 200-day moving average is $19.88.
BT Group PLC (NYSE:BT) last issued its quarterly earnings data on Wednesday, May 10th. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. BT Group PLC had a return on equity of 40.09% and a net margin of 7.14%. The company had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.88 billion. On average, analysts predict that BT Group PLC will post $1.84 earnings per share for the current fiscal year.
The business also recently declared a semiannual dividend, which will be paid on Tuesday, September 12th. Investors of record on Friday, August 11th will be given a dividend of $0.6804 per share. This represents a yield of 6.86%. The ex-dividend date is Wednesday, August 9th. BT Group PLC’s dividend payout ratio is currently 90.39%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new position in shares of BT Group PLC during the second quarter valued at $129,000. Creative Planning boosted its position in shares of BT Group PLC by 5.9% in the second quarter. Creative Planning now owns 6,750 shares of the utilities provider’s stock valued at $131,000 after buying an additional 377 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of BT Group PLC by 512.6% in the first quarter. Quadrant Capital Group LLC now owns 7,474 shares of the utilities provider’s stock valued at $145,000 after buying an additional 6,254 shares in the last quarter. Rational Advisors LLC boosted its position in shares of BT Group PLC by 14.3% in the first quarter. Rational Advisors LLC now owns 7,977 shares of the utilities provider’s stock valued at $160,000 after buying an additional 997 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of BT Group PLC during the first quarter valued at $205,000. Institutional investors own 1.03% of the company’s stock.
About BT Group PLC
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