BT Group PLC (NYSE:BT) had its price objective trimmed by Credit Suisse Group from GBX 320 ($4.21) to GBX 280 ($3.68) in a research note released on Tuesday, November 7th, StockTargetPrices.com reports. The brokerage currently has a neutral rating on the utilities provider’s stock.
Several other research analysts have also recently issued reports on the company. Beaufort Securities cut BT Group PLC to a hold rating and decreased their price target for the stock from GBX 340 ($4.47) to GBX 265 ($3.49) in a research note on Friday, November 3rd. Deutsche Bank AG restated a sell rating and issued a GBX 265 ($3.49) price objective on shares of BT Group PLC in a report on Wednesday, November 1st. Numis Securities Ltd restated a buy rating and issued a GBX 390 ($5.13) price objective on shares of BT Group PLC in a report on Tuesday, October 31st. Zacks Investment Research lowered BT Group PLC from a buy rating to a hold rating in a report on Thursday, October 26th. Finally, Jefferies Group LLC cut their price objective on BT Group PLC from GBX 280 ($3.68) to GBX 265 ($3.49) and set a hold rating for the company in a report on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $317.18.
Shares of BT Group PLC (BT) traded down $0.09 on Tuesday, reaching $16.36. The company had a trading volume of 701,300 shares, compared to its average volume of 746,299. BT Group PLC has a 52-week low of $16.15 and a 52-week high of $24.65. The company has a market cap of $32,100.00, a P/E ratio of 9.09, a P/E/G ratio of 4.59 and a beta of 0.92. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 0.83.
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The business also recently disclosed a None dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.297 per share. This represents a dividend yield of 3.84%. The ex-dividend date is Thursday, December 28th. BT Group PLC’s dividend payout ratio is 92.23%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in BT Group PLC by 22.8% in the 2nd quarter. Royal Bank of Canada now owns 1,245,026 shares of the utilities provider’s stock valued at $24,166,000 after buying an additional 230,781 shares during the last quarter. Sit Investment Associates Inc. grew its holdings in BT Group PLC by 2.3% in the 3rd quarter. Sit Investment Associates Inc. now owns 737,900 shares of the utilities provider’s stock valued at $14,197,000 after buying an additional 16,820 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in BT Group PLC by 1,839.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,048,354 shares of the utilities provider’s stock valued at $20,349,000 after buying an additional 994,311 shares during the last quarter. Freestone Capital Holdings LLC grew its holdings in BT Group PLC by 18.1% in the 2nd quarter. Freestone Capital Holdings LLC now owns 172,691 shares of the utilities provider’s stock valued at $3,352,000 after buying an additional 26,410 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in BT Group PLC in the 2nd quarter valued at approximately $1,616,000. 0.99% of the stock is currently owned by institutional investors and hedge funds.
BT Group PLC Company Profile
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