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BT Group PLC (BT) Lowered to Long Term Buy at Beaufort Securities
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Several other equities analysts have also commented on the company. Numis Securities Ltd reissued a buy rating and set a GBX 390 ($5.09) price target on shares of BT Group PLC in a research report on Wednesday. BNP Paribas reduced their price target on BT Group PLC from GBX 260 ($3.40) to GBX 240 ($3.13) and set an underperform rating on the stock in a research report on Tuesday. Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a GBX 340 ($4.44) price target on shares of BT Group PLC in a research report on Monday, July 17th. Macquarie boosted their price target on BT Group PLC from GBX 330 ($4.31) to GBX 340 ($4.44) and gave the stock an outperform rating in a research report on Monday, July 17th. Finally, J P Morgan Chase & Co reissued a neutral rating and set a GBX 290 ($3.79) price target on shares of BT Group PLC in a research report on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $343.78.
BT Group PLC (BT) traded down 0.59% during mid-day trading on Friday, hitting $20.23. 317,230 shares of the company were exchanged. BT Group PLC has a 12 month low of $18.06 and a 12 month high of $27.83. The stock has a market cap of $40.02 billion, a price-to-earnings ratio of 16.18 and a beta of 1.04. The firm has a 50 day moving average price of $19.23 and a 200 day moving average price of $20.24.
BT Group PLC (NYSE:BT) last released its quarterly earnings results on Wednesday, May 10th. The utilities provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.88 billion. BT Group PLC had a return on equity of 36.64% and a net margin of 8.48%. Analysts anticipate that BT Group PLC will post $3.83 EPS for the current fiscal year.
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The firm also recently declared a semiannual dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Friday, August 11th will be given a dividend of $0.6804 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a yield of 6.86%. BT Group PLC’s dividend payout ratio (DPR) is presently 70.87%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning raised its position in shares of 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 period. Quadrant Capital Group LLC raised its position in shares of 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 period. Rational Advisors LLC raised its position in shares of 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 period. Dynamic Technology Lab Private Ltd acquired a new position in shares of BT Group PLC during the first quarter worth about $205,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of BT Group PLC during the first quarter valued at $211,000. Institutional investors own 1.02% of the company’s stock.
About BT Group PLC