The Jefferies Group LLC Trims BT Group plc (BT) Target Price to GBX 280

The Jefferies Group LLC Trims BT Group plc (BT) Target Price to GBX 280

A number of other equities research analysts also recently commented on BT. Berenberg Bank reduced their target price on BT Group plc from GBX 400 ($5.14) to GBX 343 ($4.41) and set a hold rating on the stock in a research report on Friday, May 5th. Goldman Sachs Group Inc reduced their target price on BT Group plc from GBX 350 ($4.50) to GBX 340 ($4.37) and set a neutral rating on the stock in a research report on Wednesday, May 24th. Exane BNP Paribas downgraded BT Group plc from a neutral rating to an underperform rating in a research report on Thursday, May 25th. HSBC Holdings plc reduced their target price on BT Group plc from GBX 420 ($5.39) to GBX 370 ($4.75) and set a buy rating on the stock in a research report on Friday, April 21st. Finally, Zacks Investment Research downgraded BT Group plc from a buy rating to a hold rating in a research report on Monday, May 15th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $346.24.

BT Group plc (NYSE:BT) had its price target trimmed by Jefferies Group LLC from GBX 325 ($4.17) to GBX 280 ($3.60) in a research report released on Wednesday, StockTargetPrices.com reports. The brokerage currently has a hold rating on the utilities provider’s stock.

BT Group plc (BT) opened at 19.84 on Wednesday. The company has a market cap of $39.25 billion, a P/E ratio of 16.06 and a beta of 1.07. The firm has a 50-day moving average price of $20.11 and a 200 day moving average price of $21.11. BT Group plc has a 12 month low of $19.14 and a 12 month high of $32.85.

BT Group plc (NYSE:BT) last announced its quarterly earnings data on Wednesday, May 10th. The utilities provider reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. BT Group plc had a return on equity of 35.80% and a net margin of 10.29%. The firm had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.88 billion. Equities research analysts predict that BT Group plc will post $3.83 EPS for the current year. The firm also recently disclosed a semiannual dividend, which will be paid on Tuesday, September 12th. Stockholders 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 dividend yield of 6.86%. BT Group plc’s dividend payout ratio is currently 56.25%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BT. Menora Mivtachim Holdings LTD. acquired a new position in BT Group plc during the fourth quarter valued at about $115,000. Quadrant Capital Group LLC boosted 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 valued at $145,000 after buying an additional 6,254 shares in the last quarter. Rational Advisors LLC boosted 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 valued at $160,000 after buying an additional 997 shares in the last quarter. Tyers Asset Management LLC acquired a new position in BT Group plc during the fourth quarter valued at about $196,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in BT Group plc during the first quarter valued at about $205,000. 1.10% of the stock is owned by institutional investors and hedge funds. BT Group plc Company Profile

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