Bytes Technology Group plc (LON:BYIT – Get Free Report) has earned a consensus rating of “Hold” from the five analysts that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is £743.15.
A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised Bytes Technology Group to a “buy” rating and lifted their price target for the company from GBX 410 to GBX 500 in a report on Wednesday, August 26th. Jefferies Financial Group lifted their target price on Bytes Technology Group from £3,200 to £3,700 and gave the company a “hold” rating in a research note on Thursday, June 25th.
View Our Latest Research Report on BYIT
Insider Transactions at Bytes Technology Group
Bytes Technology Group Trading Up 0.9%
Shares of LON:BYIT opened at GBX 454.20 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.05 and a debt-to-equity ratio of 2.44. The company’s 50-day moving average price is GBX 414.35 and its 200 day moving average price is GBX 360.90. The company has a market cap of £1.05 billion, a PE ratio of 21.90, a P/E/G ratio of 2.27 and a beta of 0.72. Bytes Technology Group has a fifty-two week low of GBX 232.92 and a fifty-two week high of GBX 471.84.
Bytes Technology Group Company Profile
BTG is one of the UK and Ireland’s leading software, security, AI and cloud services specialists. With a team of more than 1,200 talented people, it serves around 6,000 customers in the corporate and public sectors, building lasting, trust-based relationships to help organisations get the most from the latest transformative technologies shaping our world.
As a value-added reseller, BTG works hand in hand with more than 100 of the world’s biggest vendors who make or distribute the software, hardware and other IT products that it provides to its customers.
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