Credit Suisse Group Cuts BT Group PLC (NYSE:BT) Price Target to GBX 280

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.

ILLEGAL ACTIVITY WARNING: This piece of content was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/11/17/bt-group-plc-bt-given-new-gbx-280-price-target-at-credit-suisse-group.html.

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

Stock Target Prices

Analyst Recommendations for BT Group PLC (NYSE:BT)

Receive News & Ratings for BT Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BT Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply