Haitong Bank reaffirmed their buy rating on shares of BT Group PLC (NYSE:BT) in a research note issued to investors on Friday morning, StockTargetPrices.com reports. The brokerage currently has a GBX 560 ($6.93) target price on the stock.
BT has been the subject of a number of other research reports. Goldman Sachs Group Inc. reaffirmed a buy rating on shares of BT Group PLC in a report on Wednesday, July 27th. Macquarie cut shares of BT Group PLC from a neutral rating to an underperform rating and cut their target price for the stock from $360.00 to $310.00 in a research note on Friday, October 7th. Barclays PLC reissued an overweight rating on shares of BT Group PLC in a research note on Tuesday, August 23rd. Deutsche Bank AG reissued a sell rating and set a GBX 410 ($5.07) target price on shares of BT Group PLC in a research note on Wednesday, July 20th. Finally, Zacks Investment Research cut shares of BT Group PLC from a strong-buy rating to a hold rating in a research note on Friday, July 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and a consensus target price of $451.17.
Shares of BT Group PLC (NYSE:BT) traded up 1.17% during midday trading on Friday, reaching $23.33. The company’s stock had a trading volume of 170,511 shares. The firm has a market cap of $46.35 billion, a price-to-earnings ratio of 12.54 and a beta of 1.14. The company has a 50-day moving average price of $25.15 and a 200-day moving average price of $28.51. BT Group PLC has a 12 month low of $22.49 and a 12 month high of $37.69.
Several hedge funds have recently added to or reduced their stakes in the company. MSI Financial Services Inc increased its position in shares of 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. Capstone Asset Management Co. increased its position in BT Group PLC by 1.0% in the third quarter. Capstone Asset Management Co. now owns 152,643 shares of the company’s stock valued at $3,882,000 after buying an additional 1,560 shares during the period. Fox Run Management L.L.C. acquired a new position in BT Group PLC during the third quarter valued at $270,000. Creative Planning increased its position in BT Group PLC by 9.8% in the third quarter. Creative Planning now owns 7,292 shares of the company’s stock valued at $185,000 after buying an additional 650 shares during the period. Finally, Founders Financial Securities LLC acquired a new position in BT Group PLC during the third quarter valued at $502,000. Institutional investors own 1.17% of the company’s stock.
About BT Group PLC
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