Bytes Technology Group’s (BYIT) Hold Rating Reiterated at Jefferies Financial Group

Bytes Technology Group (LON:BYIT)‘s stock had its “hold” rating reaffirmed by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday, Digital Look reports. They presently have a GBX 450 target price on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 3.31% from the stock’s previous close.

Separately, Deutsche Bank Aktiengesellschaft raised shares of Bytes Technology Group to a “buy” rating and increased their price objective for the stock from GBX 410 to GBX 500 in a report on Wednesday, August 26th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bytes Technology Group currently has an average rating of “Hold” and a consensus price target of GBX 403.75.

Bytes Technology Group Price Performance

Shares of LON BYIT opened at GBX 435.60 on Wednesday. Bytes Technology Group has a 1-year low of GBX 232.92 and a 1-year high of GBX 494.20. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.05 and a quick ratio of 0.98. The business’s fifty day moving average price is GBX 425.50 and its two-hundred day moving average price is GBX 378.77. The firm has a market capitalization of £1.00 billion, a PE ratio of 21.00, a P/E/G ratio of 2.27 and a beta of 0.72.

Bytes Technology Group (LON:BYIT) last posted its earnings results on Tuesday, October 13th. The company reported GBX 12.76 earnings per share (EPS) for the quarter. Bytes Technology Group had a return on equity of 64.69% and a net margin of 23.25%. On average, research analysts expect 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.