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 reaffirmed by equities researchers at Jefferies Financial Group in a research report issued on Wednesday, Digital Look reports. They currently have a GBX 450 target price on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 3.31% from the company’s previous close.

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

Bytes Technology Group Stock Down 0.8%

Bytes Technology Group stock opened at GBX 435.60 on Wednesday. Bytes Technology Group has a 52 week low of GBX 232.92 and a 52 week high of GBX 494.20. The stock has a market cap of £1.00 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 2.27 and a beta of 0.72. The company’s 50-day moving average price is GBX 425.50 and its two-hundred day moving average price is GBX 378.77. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 2.44.

Bytes Technology Group (LON:BYIT) 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 23.25% and a return on equity of 64.69%. On average, analysts expect 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.