BT Group PLC (NYSE:BT) had its target price reduced by Deutsche Bank AG from GBX 390 ($5.09) to GBX 370 ($4.83) in a research note issued to investors on Monday morning, StockTargetPrices.com reports. They currently have a sell rating on the stock.

Other research analysts also recently issued reports about the stock. Macquarie lowered their price target on shares of BT Group PLC from GBX 375 ($4.89) to GBX 360 ($4.70) and set an underperform rating for the company in a report on Tuesday, May 24th. Morgan Stanley lowered their price target on shares of BT Group PLC from GBX 500 ($6.53) to GBX 480 ($6.27) and set an equal weight rating for the company in a report on Friday, June 3rd. Haitong Bank reiterated a buy rating and set a GBX 600 ($7.83) price target on shares of BT Group PLC in a report on Tuesday, June 7th. Barclays PLC reiterated an overweight rating and set a GBX 600 ($7.83) price target on shares of BT Group PLC in a report on Wednesday, June 22nd. Finally, Zacks Investment Research upgraded shares of BT Group PLC from a hold rating to a strong-buy rating and set a $36.00 price target for the company in a report on Tuesday, June 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $453.39.

BT Group PLC (NYSE:BT) opened at 25.81 on Monday. The firm’s 50-day moving average price is $26.08 and its 200 day moving average price is $29.44. The company has a market capitalization of $51.27 billion, a price-to-earnings ratio of 13.24 and a beta of 1.09. BT Group PLC has a 12-month low of $24.36 and a 12-month high of $37.69.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BT. Douglass Winthrop Advisors LLC acquired a new position in BT Group PLC during the second quarter worth $214,000. Sei Investments Co. increased its position in shares of BT Group PLC by 33.1% in the second quarter. Sei Investments Co. now owns 4,131 shares of the company’s stock valued at $115,000 after buying an additional 1,027 shares during the last quarter. NEXT Financial Group Inc increased its position in shares of BT Group PLC by 0.9% in the second quarter. NEXT Financial Group Inc now owns 5,375 shares of the company’s stock valued at $149,000 after buying an additional 50 shares during the last quarter. Advisor Group Inc. purchased a new position in shares of BT Group PLC during the second quarter valued at approximately $169,000. Finally, Creative Planning increased its position in shares of BT Group PLC by 394.9% in the second quarter. Creative Planning now owns 6,642 shares of the company’s stock valued at $185,000 after buying an additional 5,300 shares during the last quarter. Institutional investors and hedge funds own 1.17% of the company’s stock.

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