Morgan Stanley reiterated their equal weight rating on shares of BT Group (LON:BTA) in a report released on Monday morning, Digital Look reports. They currently have a GBX 230 ($3.01) price objective on the stock.
Other research analysts have also recently issued research reports about the stock. Numis Securities reiterated a buy rating and set a GBX 340 ($4.44) price objective on shares of BT Group in a research report on Tuesday, May 28th. Jefferies Financial Group reiterated a hold rating and set a $75.00 price objective on shares of Bayerische Motoren Werke in a research report on Tuesday, May 7th. Berenberg Bank upgraded shares of to a buy rating and boosted their price objective for the company from GBX 560 ($7.32) to GBX 590 ($7.71) in a research report on Thursday, July 4th. Barclays reiterated an underweight rating and set a GBX 195 ($2.55) price objective on shares of in a research report on Friday, July 5th. Finally, Deutsche Bank cut their price objective on shares of from GBX 217 ($2.84) to GBX 175 ($2.29) and set a sell rating on the stock in a research report on Monday, June 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of GBX 274.50 ($3.59).
The business also recently declared a dividend, which will be paid on Monday, September 9th. Stockholders of record on Thursday, August 8th will be issued a GBX 10.78 ($0.14) dividend. The ex-dividend date of this dividend is Thursday, August 8th. This is a boost from BT Group’s previous dividend of $4.62. This represents a dividend yield of 4.92%.
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