Bytes Technology Group (LON:BYIT – Get Free Report)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research note issued on Thursday, Digital Look reports. They presently have a GBX 520 price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 19.87% from the company’s previous close.
A number of other analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft raised Bytes Technology Group to a “buy” rating and raised their target price for the company from GBX 410 to GBX 500 in a report on Wednesday, August 26th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 450 price target on shares of Bytes Technology Group in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 443.75.
View Our Latest Stock Report on Bytes Technology Group
Bytes Technology Group Price Performance
Bytes Technology Group (LON:BYIT – Get Free Report) last announced its earnings results on Tuesday, October 13th. The company reported GBX 12.76 EPS for the quarter. Bytes Technology Group had a net margin of 21.65% and a return on equity of 69.17%. On average, sell-side analysts predict that Bytes Technology Group will post 11.35 EPS for the current year.
About Bytes Technology Group
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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