BT Group PLC (BT) Price Target Lowered to GBX 280 at Credit Suisse Group

BT Group PLC (NYSE:BT) had its price target cut by Credit Suisse Group from GBX 320 ($4.21) to GBX 280 ($3.68) in a research report report published on Tuesday, November 7th, StockTargetPrices.com reports. They currently have a neutral rating on the utilities provider’s stock.

A number of other equities research analysts also recently commented on the stock. Numis Securities Ltd reissued a buy rating and issued a GBX 390 ($5.13) price objective on shares of BT Group PLC in a research report on Wednesday, July 19th. Citigroup Inc. restated a buy rating and issued a GBX 360 ($4.73) target price on shares of BT Group PLC in a report on Monday, July 31st. BidaskClub upgraded shares of BT Group PLC from a hold rating to a buy rating in a report on Monday, July 31st. Finally, Zacks Investment Research upgraded shares of BT Group PLC from a hold rating to a buy rating and set a $21.00 target price for the company in a report on Monday, August 28th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $317.18.

Shares of BT Group PLC (BT) traded up $0.03 on Tuesday, reaching $16.39. 484,472 shares of the company traded hands, compared to its average volume of 745,124. BT Group PLC has a 1 year low of $16.15 and a 1 year high of $24.65. The stock has a market cap of $31,990.00, a P/E ratio of 8.96, a P/E/G ratio of 4.53 and a beta of 0.92. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 0.83.

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The firm also recently announced a None dividend, which will be paid on Monday, February 12th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.297 per share. The ex-dividend date is Thursday, December 28th. This represents a yield of 3.84%. BT Group PLC’s payout ratio is 92.23%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in shares of BT Group PLC by 22.8% during the second quarter. Royal Bank of Canada now owns 1,245,026 shares of the utilities provider’s stock valued at $24,166,000 after acquiring an additional 230,781 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in BT Group PLC by 1,839.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,048,354 shares of the utilities provider’s stock worth $20,349,000 after purchasing an additional 994,311 shares during the period. Sit Investment Associates Inc. lifted its holdings in BT Group PLC by 2.3% in the third quarter. Sit Investment Associates Inc. now owns 737,900 shares of the utilities provider’s stock worth $14,197,000 after purchasing an additional 16,820 shares during the period. Aperio Group LLC lifted its holdings in BT Group PLC by 40.8% in the third quarter. Aperio Group LLC now owns 497,907 shares of the utilities provider’s stock worth $9,580,000 after purchasing an additional 144,367 shares during the period. Finally, FMR LLC lifted its holdings in BT Group PLC by 10.5% in the first quarter. FMR LLC now owns 441,888 shares of the utilities provider’s stock worth $8,878,000 after purchasing an additional 42,130 shares during the period. 0.99% of the stock is owned by institutional investors.

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