Equities researchers at Numis Securities Ltd assumed coverage on shares of BT Group PLC (NYSE:BT) in a research note issued on Thursday, StockTargetPrices.com reports. The firm set a “buy” rating and a GBX 390 ($5.05) price target on the utilities provider’s stock.

Several other equities research analysts have also issued reports on BT. Deutsche Bank AG reissued a “sell” rating on shares of BT Group PLC in a report on Friday, April 28th. BidaskClub raised shares of BT Group PLC from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Citigroup Inc. reissued a “buy” rating on shares of BT Group PLC in a report on Monday, May 29th. Zacks Investment Research lowered shares of BT Group PLC from a “hold” rating to a “sell” rating in a report on Monday, April 10th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a GBX 325 ($4.21) price target on shares of BT Group PLC in a report on Friday, April 21st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $348.78.

Shares of BT Group PLC (NYSE BT) traded up 0.10% on Thursday, reaching $19.90. 32,829 shares of the company’s stock traded hands. The firm has a market capitalization of $39.36 billion, a P/E ratio of 16.05 and a beta of 1.04. BT Group PLC has a 52 week low of $18.06 and a 52 week high of $27.83. The company’s 50-day moving average is $19.56 and its 200-day moving average is $20.61.

BT Group PLC (NYSE:BT) last announced its earnings results on Wednesday, May 10th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. BT Group PLC had a net margin of 8.48% and a return on equity of 36.64%. The business had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.88 billion. Equities research analysts anticipate that BT Group PLC will post $3.83 earnings per share for the current fiscal year.

The business also recently declared a semiannual dividend, which will be paid on Tuesday, September 12th. Investors of record on Friday, August 11th will be given a dividend of $0.6804 per share. The ex-dividend date is Wednesday, August 9th. This represents a yield of 6.86%. BT Group PLC’s dividend payout ratio (DPR) is 70.87%.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning increased its position in BT Group PLC by 5.9% in the second quarter. Creative Planning now owns 6,750 shares of the utilities provider’s stock worth $131,000 after buying an additional 377 shares during the last quarter. Quadrant Capital Group LLC increased its position in BT Group PLC by 512.6% in the first quarter. Quadrant Capital Group LLC now owns 7,474 shares of the utilities provider’s stock worth $145,000 after buying an additional 6,254 shares during the last quarter. Rational Advisors LLC increased its position in BT Group PLC by 14.3% in the first quarter. Rational Advisors LLC now owns 7,977 shares of the utilities provider’s stock worth $160,000 after buying an additional 997 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in BT Group PLC during the first quarter worth about $205,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in BT Group PLC during the first quarter worth about $211,000. Institutional investors own 1.02% of the company’s stock.

About BT Group PLC

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