BT Group PLC (NYSE:BT)‘s stock had its “neutral” rating reiterated by investment analysts at JPMorgan Chase & Co. in a research note issued on Wednesday, StockTargetPrices.com reports.

Several other brokerages also recently weighed in on BT. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating and issued a GBX 540 ($6.70) target price on shares of BT Group PLC in a research note on Wednesday. Deutsche Bank AG reissued a “sell” rating on shares of BT Group PLC in a report on Wednesday. HSBC reissued a “buy” rating and issued a GBX 470 ($5.83) price target on shares of BT Group PLC in a report on Wednesday. BNP Paribas reissued a “neutral” rating and issued a GBX 395 ($4.90) price target on shares of BT Group PLC in a report on Tuesday. Finally, Jefferies Group reduced their price target on BT Group PLC from GBX 400 ($4.96) to GBX 385 ($4.78) and set a “hold” rating for the company in a report on Monday. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $437.41.

Analyst Recommendations for BT Group PLC (NYSE:BT)

BT Group PLC (NYSE:BT) opened at 22.43 on Wednesday. The firm has a 50-day moving average price of $23.05 and a 200-day moving average price of $26.44. The firm has a market capitalization of $44.55 billion, a P/E ratio of 12.85 and a beta of 1.15. BT Group PLC has a one year low of $21.61 and a one year high of $37.09.

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Several large investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in shares of BT Group PLC by 19.9% in the first quarter. Royal Bank of Canada now owns 741,807 shares of the company’s stock worth $23,796,000 after buying an additional 122,967 shares in the last quarter. Miller Howard Investments Inc. NY increased its stake in shares of BT Group PLC by 95.7% in the third quarter. Miller Howard Investments Inc. NY now owns 523,622 shares of the company’s stock worth $13,316,000 after buying an additional 256,025 shares in the last quarter. Eagle Global Advisors LLC increased its stake in shares of BT Group PLC by 2.8% in the second quarter. Eagle Global Advisors LLC now owns 501,736 shares of the company’s stock worth $13,973,000 after buying an additional 13,885 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of BT Group PLC by 198.6% in the third quarter. JPMorgan Chase & Co. now owns 342,739 shares of the company’s stock worth $8,716,000 after buying an additional 227,938 shares in the last quarter. Finally, Thornburg Investment Management Inc. acquired a new stake in shares of BT Group PLC during the second quarter worth approximately $6,736,000. 1.09% of the stock is owned by institutional investors and hedge funds.

About BT Group PLC

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