Bytes Technology Group (LON:BYIT – Get Free Report)‘s stock had its “buy” rating reaffirmed by 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 points to a potential upside of 16.49% from the stock’s previous close.
Several other brokerages have also commented on BYIT. Deutsche Bank Aktiengesellschaft upgraded shares of Bytes Technology Group to a “buy” rating and upped their price objective for the stock from GBX 410 to GBX 500 in a report on Wednesday, August 26th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 450 target price on shares of Bytes Technology Group in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Bytes Technology Group presently has an average rating of “Hold” and an average target price of GBX 443.75.
Read Our Latest Analysis on Bytes Technology Group
Bytes Technology Group Stock Performance
Shares of BYIT stock opened at GBX 446.40 on Thursday. The stock has a fifty day moving average of GBX 426.17 and a 200 day moving average of GBX 381.21. Bytes Technology Group has a 52 week low of GBX 232.92 and a 52 week high of GBX 494.20. The firm has a market capitalization of £1.03 billion, a price-to-earnings ratio of 21.52, a PEG 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.
Bytes Technology Group (LON:BYIT – Get Free Report) last released its quarterly earnings results on Tuesday, October 13th. The company reported GBX 12.76 earnings per share for the quarter. Bytes Technology Group had a net margin of 21.65% and a return on equity of 69.17%. As a group, research analysts expect that Bytes Technology Group will post 11.35 earnings per share for the current 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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