Bytes Technology Group (LON:BYIT – Get Free Report) released its earnings results on Tuesday. The company reported GBX 12.76 EPS for the quarter, Digital Look Earnings reports. Bytes Technology Group had a return on equity of 64.69% and a net margin of 23.25%.
Bytes Technology Group Price Performance
BYIT opened at GBX 432.80 on Tuesday. 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 424.84 and its 200 day moving average price is GBX 377.56. Bytes Technology Group has a fifty-two week low of GBX 232.92 and a fifty-two week high of GBX 494.20. The firm has a market cap of £995.91 million, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 2.27 and a beta of 0.72.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group boosted their price target on Bytes Technology Group from £3,200 to £3,700 and gave the company a “hold” rating in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft upgraded Bytes Technology Group to a “buy” rating and raised their price objective for the stock from GBX 410 to GBX 500 in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of £743.15.
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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