BT Group PLC (NYSE:BT) – Research analysts at Jefferies Group reduced their FY2019 EPS estimates for BT Group PLC in a research note issued to investors on Wednesday, according to Zacks Investment Research. Jefferies Group analyst J. Dellis now forecasts that the utilities provider will earn $1.78 per share for the year, down from their previous estimate of $1.82. Jefferies Group currently has a “Hold” rating and a $265.00 target price on the stock.
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A number of other analysts have also issued reports on BT. Barclays PLC reiterated an “overweight” rating and set a GBX 450 ($5.92) price objective on shares of BT Group PLC in a research note on Wednesday, August 9th. Beaufort Securities lowered BT Group PLC to a “hold” rating and decreased their price objective for the company from GBX 340 ($4.47) to GBX 265 ($3.49) in a research note on Friday, November 3rd. Credit Suisse Group decreased their price objective on BT Group PLC from GBX 320 ($4.21) to GBX 280 ($3.68) and set a “neutral” rating on the stock in a research note on Tuesday, November 7th. BidaskClub lowered BT Group PLC from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Deutsche Bank AG reiterated a “sell” rating and set a GBX 265 ($3.49) price objective on shares of BT Group PLC in a research note on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. BT Group PLC currently has an average rating of “Hold” and an average target price of $317.18.
Shares of BT Group PLC (NYSE BT) opened at $16.53 on Thursday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 0.83. BT Group PLC has a one year low of $16.44 and a one year high of $24.65. The stock has a market capitalization of $32,786.64, a price-to-earnings ratio of 9.13, a P/E/G ratio of 4.61 and a beta of 0.98.
The business also recently announced a None dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, December 29th will be paid a $0.297 dividend. This represents a dividend yield of 3.84%. The ex-dividend date of this dividend is Thursday, December 28th. BT Group PLC’s dividend payout ratio (DPR) is presently 91.35%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BT. Ameriprise Financial Inc. lifted its stake in shares of BT Group PLC by 10.4% in the 1st quarter. Ameriprise Financial Inc. now owns 48,683 shares of the utilities provider’s stock valued at $977,000 after acquiring an additional 4,582 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of BT Group PLC by 11.6% in the 1st quarter. Alliancebernstein L.P. now owns 67,003 shares of the utilities provider’s stock valued at $1,346,000 after acquiring an additional 6,944 shares during the last quarter. FMR LLC lifted its stake in shares of BT Group PLC by 10.5% in the 1st quarter. FMR LLC now owns 441,888 shares of the utilities provider’s stock valued at $8,878,000 after acquiring an additional 42,130 shares during the last quarter. UBS Group AG lifted its stake in shares of BT Group PLC by 6.0% in the 1st quarter. UBS Group AG now owns 199,614 shares of the utilities provider’s stock valued at $4,010,000 after acquiring an additional 11,308 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of BT Group PLC by 18.6% in the 1st quarter. Morgan Stanley now owns 426,962 shares of the utilities provider’s stock valued at $8,578,000 after acquiring an additional 67,065 shares during the last quarter. 0.99% of the stock is owned by institutional investors.
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