BT Group PLC (NYSE:BT) had its price objective lowered by Morgan Stanley from GBX 350 ($4.60) to GBX 320 ($4.21) in a report published on Wednesday, October 4th, StockTargetPrices.com reports. The firm currently has an equal weight rating on the utilities provider’s stock.

A number of other analysts have also recently weighed in on BT. J P Morgan Chase & Co restated a neutral rating and issued a GBX 290 ($3.81) price target on shares of BT Group PLC in a report on Wednesday, July 12th. Numis Securities Ltd initiated coverage on shares of BT Group PLC in a research note on Thursday, July 13th. They issued a buy rating and a GBX 390 ($5.13) target price for the company. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and issued a GBX 340 ($4.47) target price on shares of BT Group PLC in a research note on Monday, July 17th. Zacks Investment Research raised shares of BT Group PLC from a sell rating to a hold rating in a research report on Wednesday, August 16th. Finally, Deutsche Bank AG reissued a sell rating and set a GBX 265 ($3.48) price target on shares of BT Group PLC in a research report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $334.00.

BT Group PLC (BT) traded down 0.80% on Wednesday, hitting $18.59. The stock had a trading volume of 396,750 shares. The company has a market capitalization of $36.95 billion, a PE ratio of 17.54 and a beta of 1.04. The company has a 50 day moving average of $19.04 and a 200 day moving average of $19.58. BT Group PLC has a 12-month low of $18.06 and a 12-month high of $24.65.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Stephens Inc. AR boosted its holdings in BT Group PLC by 3.2% in the second quarter. Stephens Inc. AR now owns 11,204 shares of the utilities provider’s stock valued at $217,000 after purchasing an additional 343 shares in the last quarter. Creative Planning boosted its holdings 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 valued at $131,000 after acquiring an additional 377 shares during the period. Boston Common Asset Management LLC boosted its holdings in shares of BT Group PLC by 2.8% in the first quarter. Boston Common Asset Management LLC now owns 31,062 shares of the utilities provider’s stock valued at $624,000 after acquiring an additional 845 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of BT Group PLC by 7.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,935 shares of the utilities provider’s stock valued at $329,000 after acquiring an additional 1,204 shares during the period. Finally, Berkeley Capital Partners LLC boosted its holdings in shares of BT Group PLC by 5.5% in the second quarter. Berkeley Capital Partners LLC now owns 32,652 shares of the utilities provider’s stock valued at $634,000 after acquiring an additional 1,712 shares during the period. 0.99% of the stock is owned by hedge funds and other institutional investors.

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