Bytes Technology Group plc (LON:BYIT - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 432.60 and last traded at GBX 421, with a volume of 41316 shares. The stock had previously closed at GBX 417.80.
Wall Street Analysts Forecast Growth
BYIT has been the subject of several analyst reports. UBS Group reaffirmed a "neutral" rating and set a GBX 305 price objective on shares of Bytes Technology Group in a research note on Monday, May 11th. Jefferies Financial Group boosted their target price 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 restated a "buy" rating and set a GBX 390 price target on shares of Bytes Technology Group in a research note on Wednesday, May 13th. Finally, Berenberg Bank decreased their price target on Bytes Technology Group from GBX 390 to GBX 360 and set a "hold" rating for the company in a report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of £620.17.
Get Our Latest Analysis on Bytes Technology Group
Bytes Technology Group Stock Up 0.6%
The stock has a market capitalization of £977.16 million, a PE ratio of 20.26, a PEG ratio of 2.27 and a beta of 0.71. The firm's fifty day moving average is GBX 392.29 and its 200-day moving average is GBX 339.68. The company has a quick ratio of 0.98, a current ratio of 1.05 and a debt-to-equity ratio of 2.44.
Bytes Technology Group (LON:BYIT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported GBX 21.40 earnings per share for the quarter. Bytes Technology Group had a return on equity of 64.69% and a net margin of 23.25%.The company had revenue of £220.56 million for the quarter. On average, equities research analysts predict that Bytes Technology Group plc will post 11.3463262 earnings per share for the current year.
Insider Activity at Bytes Technology Group
In other Bytes Technology Group news, insider Sam Mudd purchased 25,000 shares of Bytes Technology Group stock in a transaction dated Monday, July 13th. The stock was acquired at an average cost of GBX 413 per share, with a total value of £103,250. Also, insider Gavin Rochussen purchased 100,000 shares of the firm's stock in a transaction that occurred on Monday, July 13th. The stock was acquired at an average price of GBX 416 per share, for a total transaction of £416,000. 3.34% of the stock is owned by company insiders.
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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