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T   17.66 (+0.63%)
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MU   117.64 (-1.26%)
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GE   175.14 (-2.76%)
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PFE   28.05 (+0.97%)
PYPL   67.24 (+1.01%)
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LON:BYIT

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

GBX 511
+1.00 (+0.20%)
(As of 04:35 PM ET)
Today's Range
508.50
520
50-Day Range
510
657
52-Week Range
362.30
665
Volume
635,427 shs
Average Volume
600,028 shs
Market Capitalization
£1.23 billion
P/E Ratio
2,838.89
Dividend Yield
1.57%
Price Target
GBX 642.67

Bytes Technology Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
25.8% Upside
GBX 642.67 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
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.

1.41 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

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Bytes Technology Group PLC Ordinary Shares BYIT
Bytes Technology shares plunge as CEO resigns
Bytes Technology Group plc (BYIT.L)
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 642.67
High Stock Price Target
GBX 650
Low Stock Price Target
GBX 638
Potential Upside/Downside
+26.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
£44.10 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
£199.59 million
Cash Flow
GBX 19.08 per share
Book Value
GBX 15 per share

Miscellaneous

Free Float
N/A
Market Cap
£1.22 billion
Optionable
Not Optionable
Beta
0.69
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Key Executives

  • Mr. Andrew John Holden (Age 57)
    CFO, COO & Executive Director
    Comp: $630.32k
  • Ms. Sam Mudd (Age 55)
    Phoenix MD, Interim CEO & 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 57)
    Company Secretary

BYIT Stock Analysis - Frequently Asked Questions

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

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bytes Technology Group in the last year. There are currently 1 hold rating and 2 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?

3 brokers have issued 12-month price objectives for Bytes Technology Group's shares. Their BYIT share price targets range from GBX 638 to GBX 650. On average, they expect the company's stock price to reach GBX 642.67 in the next twelve months. This suggests a possible upside of 25.8% 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 the year. Since then, BYIT stock has decreased by 16.5% and is now trading at GBX 511.
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 declared a dividend on Wednesday, October 25th. Stockholders of record on Thursday, November 16th will be paid a dividend of GBX 2.70 per share on Friday, December 1st. This represents a yield of 0.59%. The ex-dividend date 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 3/28/2024 by MarketBeat.com Staff

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