Bytes Technology Group (LON:BYIT – Get Free Report)‘s stock had its “buy” rating reissued by Berenberg Bank in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 520 price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 14.84% from the stock’s previous close.
BYIT has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft raised Bytes Technology Group to a “buy” rating and raised their price target for the stock from GBX 410 to GBX 500 in a research note on Wednesday, August 26th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 450 price target on shares of Bytes Technology Group in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 443.75.
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Bytes Technology Group Stock Performance
BYIT opened at GBX 452.80 on Thursday. The firm has a market cap of £1.04 billion, a PE ratio of 21.83, a P/E/G ratio of 2.27 and a beta of 0.72. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 2.94. The business has a fifty day simple moving average of GBX 426.17 and a 200-day simple moving average of GBX 381.21. Bytes Technology Group has a fifty-two week low of GBX 232.92 and a fifty-two week high of GBX 494.20.
Bytes Technology Group (LON:BYIT – Get Free Report) last posted its quarterly earnings data 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%. As a group, equities analysts predict that Bytes Technology Group will post 11.35 EPS for the current fiscal year.
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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