Bytes Technology Group (LON:BYIT - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Berenberg Bank in a report released on Thursday, Digital Look reports. They currently have a GBX 520 price target on the stock. Berenberg Bank's target price indicates a potential upside of 19.87% from the company's previous close.
Other equities analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Bytes Technology Group to a "buy" rating and boosted their price target for the company from GBX 410 to GBX 500 in a report on Wednesday, August 26th. Jefferies Financial Group reiterated a "hold" rating and set a GBX 450 price objective on shares of Bytes Technology Group in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of GBX 443.75.
Get Our Latest Stock Analysis on BYIT
Bytes Technology Group Stock Performance
Shares of BYIT opened at GBX 433.80 on Thursday. The company has a market capitalization of £998.21 million, a PE ratio of 20.92, a PEG ratio of 2.27 and a beta of 0.72. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.98 and a current ratio of 1.03. The company's 50 day moving average price is GBX 425.71 and its 200 day moving average price is GBX 379.94. Bytes Technology Group has a 52 week low of GBX 232.92 and a 52 week high of GBX 494.20.
Bytes Technology Group (LON:BYIT - Get Free Report) last released 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 net margin of 21.65% and a return on equity of 69.17%. Research analysts expect that Bytes Technology Group will post 11.35 EPS for the current fiscal year.
Bytes Technology Group Company Profile
(
Get Free Report)
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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