BT Group PLC (BT) Given New GBX 280 Price Target at Credit Suisse Group
BT Group PLC (NYSE:BT) had its price objective cut by Credit Suisse Group from GBX 320 ($4.21) to GBX 280 ($3.68) in a research note published on Tuesday morning, StockTargetPrices.com reports. They currently have a neutral rating on the utilities provider’s stock.
BT has been the topic of a number of other research reports. Deutsche Bank AG reaffirmed a sell rating and set a GBX 265 ($3.49) price target on shares of BT Group PLC in a research report on Tuesday, July 11th. J P Morgan Chase & Co reaffirmed a neutral rating and set a GBX 290 ($3.81) price target on shares of BT Group PLC in a research report on Wednesday, July 12th. Numis Securities Ltd started coverage on BT Group PLC in a research report on Thursday, July 13th. They set a buy rating and a GBX 390 ($5.13) price target on the stock. Macquarie upped their price target on BT Group PLC from GBX 330 ($4.34) to GBX 340 ($4.47) and gave the company an outperform rating in a research report on Monday, July 17th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and set a GBX 340 ($4.47) price target on shares of BT Group PLC in a research report on Monday, July 17th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. BT Group PLC has an average rating of Hold and an average price target of $317.18.
BT Group PLC (BT) opened at $16.53 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.83 and a quick ratio of 0.81. BT Group PLC has a 1 year low of $16.44 and a 1 year high of $24.65. The firm has a market capitalization of $32,885.82, a price-to-earnings ratio of 9.16, a price-to-earnings-growth ratio of 4.63 and a beta of 0.98.
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The business also recently declared a None dividend, which will be paid on Monday, February 12th. Investors of record on Friday, December 29th will be given a dividend of $0.297 per share. The ex-dividend date is Thursday, December 28th. This represents a yield of 3.84%. BT Group PLC’s payout ratio is 91.35%.
A number of institutional investors and hedge funds have recently bought and sold shares of BT. Ameriprise Financial Inc. lifted its holdings in BT Group PLC by 10.4% in the 1st quarter. Ameriprise Financial Inc. now owns 48,683 shares of the utilities provider’s stock worth $977,000 after buying an additional 4,582 shares during the period. Alliancebernstein L.P. lifted its holdings in BT Group PLC by 11.6% in the 1st quarter. Alliancebernstein L.P. now owns 67,003 shares of the utilities provider’s stock worth $1,346,000 after buying an additional 6,944 shares during the period. FMR LLC lifted its holdings in BT Group PLC by 10.5% in the 1st quarter. FMR LLC now owns 441,888 shares of the utilities provider’s stock worth $8,878,000 after buying an additional 42,130 shares during the period. Morgan Stanley lifted its holdings in BT Group PLC by 18.6% in the 1st quarter. Morgan Stanley now owns 426,962 shares of the utilities provider’s stock worth $8,578,000 after buying an additional 67,065 shares during the period. Finally, Bank of Montreal Can lifted its holdings in BT Group PLC by 325.9% in the 2nd quarter. Bank of Montreal Can now owns 199,604 shares of the utilities provider’s stock worth $3,875,000 after buying an additional 152,742 shares during the period. Institutional investors and hedge funds own 0.99% of the company’s stock.
About BT Group PLC
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