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

3 Wall Street equities 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 2 buy ratings for the stock. The consensus among Wall Street equities 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 brokerages have issued twelve-month price objectives for Bytes Technology Group's stock. 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 year. This suggests a possible upside of 32.6% 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 start of the year. Since then, BYIT stock has decreased by 20.8% and is now trading at GBX 484.80. 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. Shareholders of record on Thursday, November 16th will be given 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 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 8 per share and currently has a dividend yield of 1.53%. 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 .

LON:BYIT

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

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GBX 484.80

-6.00 (-1.22%)

(As of 03:43 AM ET)

Compare

Today's Range: 478
▼
485
50-Day Range: 487
▼
650
52-Week Range: 394.80
▼
665

Volume: 14,327 shs
Average Volume: 754,291 shs
Market Capitalization: £1.17 billion

P/E Ratio: 2,693.33
Dividend Yield: 1.65%
Price Target: GBX 642.67

Stock Analysis Analyst Forecasts Chart Competitors Dividend Headlines Insider Trades

Get Bytes Technology Group alerts:

Bytes Technology Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 32.6% 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.

1.61 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Bytes Technology Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Bytes Technology Group has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for BYIT.

0.8

Dividend Strength

Dividend Yield
Bytes Technology Group pays a meaningful dividend of 1.53%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Bytes Technology Group does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Bytes Technology Group is 4,444.44%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BYIT.

2.8

News and Social Media Coverage

News Sentiment
Bytes Technology Group has a news sentiment score of 0.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Bytes Technology Group this week, compared to 0 articles on an average week.
MarketBeat Follows
Only 1 people have added Bytes Technology Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bytes Technology Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 9.23% of the stock of Bytes Technology Group is held by insiders.
Percentage Held by Institutions
70.32% of the stock of Bytes Technology Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Bytes Technology Group is 2,693.33, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 146.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bytes Technology Group is 2,693.33, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 265.89.
Price to Earnings Growth Ratio
Bytes Technology Group has a PEG Ratio of 2.27. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Bytes Technology Group has a P/B Ratio of 32.32. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

BYIT Stock News Headlines

April 13, 2024 | msn.com

Bytes Technology Group Sees Significant Shareholding Increase by Coronation Fund Managers

April 6, 2024 | americanbankingnews.com

Bytes Technology Group (LON:BYIT) Stock Price Down 1%

April 16, 2024 | InvestorPlace (Ad)

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April 6, 2024 | americanbankingnews.com

Bytes Technology Group (LON:BYIT) Shares Down 1%

April 4, 2024 | msn.com

Bytes Technology Group Announces Total Voting Rights

March 20, 2024 | msn.com

Bytes Technology Group Reports Double-Digit Growth in Full Year Trading Update

March 19, 2024 | msn.com

Bytes ex-CEO secretly ‘dabbles’ in company shares

March 19, 2024 | finance.yahoo.com

Here's Why We Think Bytes Technology Group (LON:BYIT) Might Deserve Your Attention Today

April 16, 2024 | InvestorPlace (Ad)

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A little-known investment analyst whose performance beat out 15,000+ other experts in 2020 has identified an opportunity in the A.I. space. He's calling it A.I.'s perfect storm.

March 18, 2024 | marketwatch.com

Bytes Technology Shares Dive on Ex-Boss's Stock Trades

March 18, 2024 | uk.investing.com

London's FTSE 100 inches up on oil boost; inflation data eyed

March 18, 2024 | lse.co.uk

LONDON MARKET OPEN: Marshalls downgrades outlook on earnings hit

March 18, 2024 | lse.co.uk

Bytes to probe former CEO, as finds further undisclosed share sales

March 18, 2024 | msn.com

‘Saddened and shocked’: Bytes Technology launches probe into 100 secret dealings of former chief

March 15, 2024 | msn.com

Bytes Technology Group Acknowledges Late Notification of Insider Transactions

March 3, 2024 | msn.com

Bytes Technology Group Announces Total Voting Rights Update

March 3, 2024 | msn.com

Bytes Technology Group Reports Increased Holdings by Public Investment Corporation

March 1, 2024 | morningstar.com

Bytes Technology Group PLC Ordinary Shares BYIT

March 1, 2024 | msn.com

Bytes Technology Group plc Experiences Significant Shareholding Change

February 21, 2024 | reuters.com

Bytes Technology shares plunge as CEO resigns

February 13, 2024 | finance.yahoo.com

Estimating The Intrinsic Value Of Bytes Technology Group plc (LON:BYIT)

February 1, 2024 | finance.yahoo.com

Bytes Technology Group plc (BYIT.L)

January 18, 2024 | msn.com

Gothic dev Piranha Bytes surrounded by closure rumors as part of Embracer cuts

January 16, 2024 | uk.investing.com

London midday: Stocks stay down as rate cut hopes dashed; Ocado surges

January 11, 2024 | finance.yahoo.com

Are Robust Financials Driving The Recent Rally In Bytes Technology Group plc's (LON:BYIT) Stock?

November 12, 2023 | finance.yahoo.com

Bytes Technology Group plc (LON:BYIT) Looks Interesting, And It's About To Pay A Dividend

November 3, 2023 | finance.yahoo.com

Bytes Technology Group (LON:BYIT) Has Announced That It Will Be Increasing Its Dividend To £0.027

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: LON
Sector: Computer and Technology
Industry: Software - Infrastructure
Sub-Industry: N/A
Current Symbol: LON:BYIT
CUSIP: N/A
CIK: N/A
Web: www.bytes.co.uk
Phone: 44 1372 418 500
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: +32.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): GBX 0.18
Trailing P/E Ratio: 2,693.33
Forward P/E Ratio: 45.35
P/E Growth: 2.27
Net Income: £44.10 million
Net Margins: 22.10%
Pretax Margin: N/A
Return on Equity: 83.16%
Return on Assets: 11.86%

Debt

Debt-to-Equity Ratio: 3.50
Current Ratio: 1.02
Quick Ratio: 0.98

Sales & Book Value

Annual Sales: £199.59 million
Price / Sales: 5.84
Cash Flow: GBX 18.18 per share
Price / Cash Flow: 26.67
Book Value: GBX 15 per share
Price / Book: 32.32

Miscellaneous

Outstanding Shares: 240,360,000
Free Float: N/A
Market Cap: £1.17 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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

BYIT Stock Analysis - Frequently Asked Questions

Should I buy or sell Bytes Technology Group stock right now?: 3 Wall Street equities 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 2 buy ratings for the stock. The consensus among Wall Street equities 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 brokerages have issued twelve-month price objectives for Bytes Technology Group's stock. 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 year. This suggests a possible upside of 32.6% 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 start of the year. Since then, BYIT stock has decreased by 20.8% and is now trading at GBX 484.80.
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. Shareholders of record on Thursday, November 16th will be given 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 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 8 per share and currently has a dividend yield of 1.53%. 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 4/16/2024 by MarketBeat.com Staff

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

Bytes Technology Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Bytes Technology Group Stock (LON:BYIT)

BYIT Stock Price History

BYIT Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

BYIT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™