BT Group PLC (BT) Given “Neutral” Rating at BNP Paribas

BNP Paribas reaffirmed their neutral rating on shares of BT Group PLC (NYSE:BT) in a research report sent to investors on Tuesday, StockTargetPrices.com reports. They currently have a GBX 395 ($4.90) target price on the stock.

BT has been the subject of several other reports. Deutsche Bank AG restated a sell rating and set a GBX 390 ($4.84) price target on shares of BT Group PLC in a research report on Tuesday, September 13th. Macquarie cut BT Group PLC from a neutral rating to an underperform rating and reduced their price objective for the company from $360.00 to $310.00 in a research note on Friday, October 7th. Haitong Bank reiterated a buy rating and issued a GBX 560 ($6.95) price objective on shares of BT Group PLC in a research note on Tuesday, October 4th. Goldman Sachs Group Inc. reiterated a buy rating on shares of BT Group PLC in a research note on Tuesday, October 18th. Finally, TheStreet cut BT Group PLC from a buy rating to a hold rating in a research note on Monday, September 19th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. BT Group PLC has an average rating of Hold and an average target price of $437.41.

Analyst Recommendations for BT Group PLC (NYSE:BT)

BT Group PLC (NYSE:BT) opened at 22.43 on Tuesday. The stock has a market capitalization of $44.55 billion, a P/E ratio of 12.85 and a beta of 1.15. BT Group PLC has a 52 week low of $21.61 and a 52 week high of $37.20. The company’s 50-day moving average price is $23.06 and its 200 day moving average price is $26.48.

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Several hedge funds have recently bought and sold shares of the company. Douglass Winthrop Advisors LLC bought a new position in BT Group PLC during the second quarter worth about $214,000. Sei Investments Co. raised its position in BT Group PLC by 33.1% in the second quarter. Sei Investments Co. now owns 4,131 shares of the company’s stock worth $115,000 after buying an additional 1,027 shares in the last quarter. NEXT Financial Group Inc raised its position in BT Group PLC by 0.9% in the second quarter. NEXT Financial Group Inc now owns 5,375 shares of the company’s stock worth $149,000 after buying an additional 50 shares in the last quarter. MSI Financial Services Inc raised its position in BT Group PLC by 15.4% in the third quarter. MSI Financial Services Inc now owns 5,675 shares of the company’s stock worth $144,000 after buying an additional 756 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in BT Group PLC by 199.9% in the third quarter. Quantbot Technologies LP now owns 5,729 shares of the company’s stock worth $145,000 after buying an additional 3,819 shares in the last quarter. Institutional investors and hedge funds own 1.09% of the company’s stock.

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