Bytes Technology Group (LON:BYIT) Stock Rating Reaffirmed as Hold by Jefferies Financial Group

Bytes Technology Group (LON:BYIT)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Financial Group in a report released on Wednesday, Digital Look reports. They currently have a GBX 450 price target on the stock. Jefferies Financial Group’s target price suggests a potential upside of 5.14% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft upgraded Bytes Technology Group to a “buy” rating and increased their target price 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 issued a Hold rating to the company. According to MarketBeat, Bytes Technology Group has an average rating of “Hold” and an average price target of GBX 403.75.

Bytes Technology Group Stock Performance

Bytes Technology Group stock traded down GBX 11 during trading hours on Wednesday, hitting GBX 428. The company had a trading volume of 712,601 shares, compared to its average volume of 2,634,041. The firm has a market cap of £984.87 million, a PE ratio of 20.64, a PEG ratio of 2.27 and a beta of 0.72. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.05 and a quick ratio of 0.98. Bytes Technology Group has a one year low of GBX 232.92 and a one year high of GBX 494.20. The firm has a 50-day moving average of GBX 425.50 and a 200 day moving average of GBX 378.77.

Bytes Technology Group (LON:BYIT) last issued its quarterly earnings data on Tuesday, October 13th. The company reported GBX 12.76 earnings per share (EPS) for the quarter. Bytes Technology Group had a net margin of 23.25% and a return on equity of 64.69%. On average, sell-side analysts expect that Bytes Technology Group will post 11.35 earnings per share 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.