S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
What to watch for as China's major political meeting of the year gets underway
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
What to watch for as China's major political meeting of the year gets underway
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
What to watch for as China's major political meeting of the year gets underway
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
What to watch for as China's major political meeting of the year gets underway
LON:BYIT

Bytes Technology Group (BYIT) Share Price, News & Analysis

GBX 566
+8.50 (+1.52%)
(As of 03/1/2024 ET)
Today's Range
554
569.50
50-Day Range
532.50
657
52-Week Range
353.40
665
Volume
467,524 shs
Average Volume
662,232 shs
Market Capitalization
£1.36 billion
P/E Ratio
3,144.44
Dividend Yield
1.41%
Price Target
GBX 602

Bytes Technology Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
6.4% Upside
GBX 602 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.50mentions of Bytes Technology Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
£2.75 M Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.55 out of 5 stars


BYIT stock logo

About Bytes Technology Group Stock (LON:BYIT)

Bytes Technology Group plc offers software, IT security, hardware, and cloud services in the United Kingdom, rest of Europe, and internationally. The company sells servers, laptops, and other devices; various cloud-based and non-cloud-based licenses; and externally and internally provided training and consulting services. It also offers IT consulting and support services, including IT deployment and training. The company sells its products and services under the Bytes Software Services and Phoenix brands. It serves small- and medium-sized businesses, enterprises, and public sector organizations. The company was founded in 1982 and is headquartered in Leatherhead, the United Kingdom.

BYIT Stock Price History

BYIT Stock News Headlines

Bytes Technology Group PLC Ordinary Shares BYIT
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Panmure Gordon Begins Coverage on Bytes Technology Group (LON:BYIT)
Bytes Technology shares plunge as CEO resigns
Bytes Technology Group plc (BYIT.L)
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
See More Headlines
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Industry, Sector and Symbol

Industry
Software - Infrastructure
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
930
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
GBX 602
High Stock Price Target
GBX 650
Low Stock Price Target
GBX 480
Potential Upside/Downside
+6.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
£44.10 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
£199.59 million
Cash Flow
GBX 21.22 per share
Book Value
GBX 15 per share

Miscellaneous

Free Float
N/A
Market Cap
£1.36 billion
Optionable
Not Optionable
Beta
0.72
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Key Executives

  • Mr. Neil R. Murphy (Age 56)
    CEO & Director
    Comp: $776.3k
  • Mr. Andrew J. Holden (Age 57)
    CFO, COO & Executive Director
    Comp: $630.32k
  • Ms. Sam Mudd (Age 54)
    Phoenix MD & Executive Director
  • Paul Emms
    Director of Group Finance
  • Mr. Jack Watson (Age 40)
    Managing Director of Bytes Software Services
  • Ms. Lisa Prickett
    Group Sustainability Manager
  • Mr. Willem Karel Groenewald (Age 40)
    Company Secretary














BYIT Stock Analysis - Frequently Asked Questions

Should I buy or sell Bytes Technology Group stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bytes Technology Group in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BYIT shares.
View BYIT analyst ratings
or view top-rated stocks.

What is Bytes Technology Group's stock price target for 2024?

4 analysts have issued 1 year price targets for Bytes Technology Group's stock. Their BYIT share price targets range from GBX 480 to GBX 650. On average, they predict the company's stock price to reach GBX 602 in the next twelve months. This suggests a possible upside of 6.4% from the stock's current price.
View analysts price targets for BYIT
or view top-rated stocks among Wall Street analysts.

How have BYIT shares performed in 2024?

Bytes Technology Group's stock was trading at GBX 612 at the beginning of 2024. Since then, BYIT stock has decreased by 7.5% and is now trading at GBX 566.
View the best growth stocks for 2024 here
.

How often does Bytes Technology Group pay dividends? What is the dividend yield for Bytes Technology Group?

Bytes Technology Group announced a dividend on Wednesday, October 25th. Shareholders of record on Thursday, November 16th will be paid a dividend of GBX 2.70 per share on Friday, December 1st. This represents a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, November 16th. The official announcement can be viewed at this link.
Read our dividend analysis for BYIT
.

Is Bytes Technology Group a good dividend stock?

Bytes Technology Group (LON:BYIT) pays an annual dividend of GBX 8 per share and currently has a dividend yield of 1.45%. The dividend payout ratio is 4,444.44%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for BYIT.

How do I buy shares of Bytes Technology Group?

Shares of BYIT stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

This page (LON:BYIT) was last updated on 3/3/2024 by MarketBeat.com Staff