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66,000% upside on tiny biotech? (Ad)
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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Federal student loan payments are starting again. Here's what you need to know
66,000% upside on tiny biotech? (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
Facing increasing pressure from customers, some miners are switching to renewable energy
66,000% upside on tiny biotech? (Ad)
Rishi Sunak needs to rally his flagging Conservatives. He hopes a dash of populism will do the trick
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
66,000% upside on tiny biotech? (Ad)
Grant program for Black women entrepreneurs blocked by federal appeals court
Donald Trump says he will be in courtroom for New York trial scrutinizing his business practices
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Federal student loan payments are starting again. Here's what you need to know
66,000% upside on tiny biotech? (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
Facing increasing pressure from customers, some miners are switching to renewable energy
66,000% upside on tiny biotech? (Ad)
Rishi Sunak needs to rally his flagging Conservatives. He hopes a dash of populism will do the trick
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
66,000% upside on tiny biotech? (Ad)
Grant program for Black women entrepreneurs blocked by federal appeals court
Donald Trump says he will be in courtroom for New York trial scrutinizing his business practices
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Federal student loan payments are starting again. Here's what you need to know
66,000% upside on tiny biotech? (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
Facing increasing pressure from customers, some miners are switching to renewable energy
66,000% upside on tiny biotech? (Ad)
Rishi Sunak needs to rally his flagging Conservatives. He hopes a dash of populism will do the trick
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
66,000% upside on tiny biotech? (Ad)
Grant program for Black women entrepreneurs blocked by federal appeals court
Donald Trump says he will be in courtroom for New York trial scrutinizing his business practices
LON:BYIT

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

GBX 498.80
+6.80 (+1.38%)
(As of 09/29/2023 ET)
Compare
Today's Range
492
505.50
50-Day Range
473.20
518
52-Week Range
353.40
548
Volume
335,930 shs
Average Volume
702,862 shs
Market Capitalization
£1.19 billion
P/E Ratio
3,117.50
Dividend Yield
1.40%
Price Target
GBX 564.50

Bytes Technology Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
13.2% Upside
GBX 564.50 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.54mentions of Bytes Technology Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.50 out of 5 stars


BYIT stock logo

About Bytes Technology Group (LON:BYIT) Stock

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 Price History

BYIT Stock News Headlines

Bytes Technology Group (LON:BYIT) Rating Reiterated by Peel Hunt
The Bio-Tech Stock That Needs Your Attention!
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The Bio-Tech Stock That Needs Your Attention!
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Bytes Technology Ltd (BYIT)
Bytes Technology Group plc (LSE:BYIT)
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BYIT Company Calendar

Ex-Dividend for 8/4 Dividend
7/20/2023
Dividend Payable
8/04/2023
Today
10/01/2023

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 Forecast
GBX 564.50
High Stock Price Forecast
GBX 640
Low Stock Price Forecast
GBX 480
Forecasted Upside/Downside
+13.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
£40.42 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
£184.42 million
Cash Flow
GBX 18.70 per share
Book Value
GBX 26 per share

Miscellaneous

Free Float
N/A
Market Cap
£1.19 billion
Optionable
Not Optionable
Beta
0.66
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Key Executives

  • Mr. Neil R. Murphy (Age 55)
    CEO & Director
    Comp: $776.3k
  • Mr. Andrew J. Holden (Age 56)
    CFO, COO & Exec. Director
    Comp: $630.32k
  • Ms. Sam Mudd (Age 53)
    Phoenix MD & Exec. Director
  • Paul Emms
    Director of Group Fin.
  • Mr. Jack Watson (Age 39)
    Managing Director of Bytes Software Services
  • Ms. Lisa Prickett
    Group Sustainability Mang.
  • Mr. Willem Karel Groenewald (Age 39)
    Company Sec.













BYIT Stock - Frequently Asked Questions

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

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

What is Bytes Technology Group's stock price forecast for 2023?

4 analysts have issued 1-year price targets for Bytes Technology Group's stock. Their BYIT share price forecasts range from GBX 480 to GBX 640. On average, they anticipate the company's stock price to reach GBX 564.50 in the next twelve months. This suggests a possible upside of 13.2% 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 2023?

Bytes Technology Group's stock was trading at GBX 387 at the beginning of the year. Since then, BYIT stock has increased by 28.9% and is now trading at GBX 498.80.
View the best growth stocks for 2023 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 Tuesday, May 23rd. Shareholders of record on Thursday, July 20th will be given a dividend of GBX 12.60 per share on Friday, August 4th. This represents a yield of 2.81%. The ex-dividend date of this dividend is Thursday, July 20th. This is a positive change from the stock's previous dividend of GBX 2.40. The official announcement can be accessed 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 7 per share and currently has a dividend yield of 1.52%. The dividend payout ratio is 4,375.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for BYIT.

What is Bytes Technology Group's stock symbol?

Bytes Technology Group trades on the London Stock Exchange (LON) under the ticker symbol "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.

What is Bytes Technology Group's stock price today?

One share of BYIT stock can currently be purchased for approximately GBX 498.80.

How much money does Bytes Technology Group make?

Bytes Technology Group (LON:BYIT) has a market capitalization of £1.19 billion and generates £184.42 million in revenue each year. The company earns £40.42 million in net income (profit) each year or GBX 0.16 on an earnings per share basis.

How many employees does Bytes Technology Group have?

The company employs 930 workers across the globe.

How can I contact Bytes Technology Group?

Bytes Technology Group's mailing address is Bytes House, Randalls Way, Leatherhead KT22 7TW, United Kingdom. The official website for the company is www.bytes.co.uk. The company can be reached via phone at 44 1372 418 500.

This page (LON:BYIT) was last updated on 10/1/2023 by MarketBeat.com Staff

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