Numis Securities Ltd reiterated their buy rating on shares of BT Group PLC (NYSE:BT) in a report released on Monday, StockTargetPrices.com reports. They currently have a GBX 390 ($5.08) target price on the utilities provider’s stock.
A number of other research firms also recently weighed in on BT. Macquarie raised BT Group PLC from a neutral rating to an outperform rating and lifted their target price for the stock from $270.00 to $330.00 in a report on Tuesday, June 27th. Zacks Investment Research raised BT Group PLC from a sell rating to a hold rating in a report on Monday, April 17th. Citigroup Inc. reissued a buy rating and set a GBX 360 ($4.69) target price on shares of BT Group PLC in a report on Monday, July 31st. Royal Bank Of Canada reissued an outperform rating and set a GBX 410 ($5.34) target price on shares of BT Group PLC in a report on Monday, July 31st. Finally, Deutsche Bank AG reaffirmed a sell rating and issued a GBX 265 ($3.45) price target on shares of BT Group PLC in a research note on Thursday, June 15th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. BT Group PLC presently has an average rating of Hold and a consensus target price of $339.33.
BT Group PLC (NYSE:BT) opened at 19.84 on Monday. The stock has a market capitalization of $39.43 billion, a P/E ratio of 18.72 and a beta of 1.05. BT Group PLC has a 12 month low of $18.06 and a 12 month high of $26.76. The company’s 50-day moving average is $19.74 and its 200-day moving average is $19.92.
BT Group PLC (NYSE:BT) last posted its earnings results on Wednesday, May 10th. The utilities provider reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. BT Group PLC had a return on equity of 40.09% and a net margin of 7.14%. The company had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.88 billion. Equities analysts anticipate that BT Group PLC will post $1.84 earnings per share for the current year.
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The company also recently declared a semiannual dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, August 11th will be issued a dividend of $0.6804 per share. This represents a dividend yield of 6.86%. The ex-dividend date of this dividend is Wednesday, August 9th. BT Group PLC’s dividend payout ratio (DPR) is currently 86.54%.
Hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its stake in BT Group PLC by 1,155.3% in the first quarter. Advisors Asset Management Inc. now owns 26,475 shares of the utilities provider’s stock valued at $532,000 after buying an additional 24,366 shares during the period. First Trust Advisors LP boosted its stake in BT Group PLC by 20.6% in the first quarter. First Trust Advisors LP now owns 122,664 shares of the utilities provider’s stock valued at $2,464,000 after buying an additional 20,992 shares during the period. Wright Investors Service Inc. purchased a new stake in BT Group PLC during the first quarter valued at $267,000. Miller Howard Investments Inc. NY boosted its stake in BT Group PLC by 4.4% in the first quarter. Miller Howard Investments Inc. NY now owns 553,619 shares of the utilities provider’s stock valued at $11,122,000 after buying an additional 23,374 shares during the period. Finally, Dubuque Bank & Trust Co. purchased a new stake in BT Group PLC during the first quarter valued at $1,557,000. Institutional investors own 1.03% of the company’s stock.
BT Group PLC Company Profile
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