Peel Hunt reissued their buy rating on shares of Bytes Technology Group (LON:BYIT – Get Rating) in a research note released on Tuesday, MarketBeat reports. They currently have a GBX 489 ($6.08) target price on the stock.
Separately, Jefferies Financial Group reiterated a buy rating and set a GBX 480 ($5.97) price objective on shares of Bytes Technology Group in a research note on Friday, March 24th.
Bytes Technology Group Trading Up 0.3 %
Shares of BYIT stock opened at GBX 450 ($5.60) on Tuesday. The stock has a market cap of £1.08 billion, a price-to-earnings ratio of 3,214.29, a price-to-earnings-growth ratio of 2.27 and a beta of 0.86. The firm’s 50 day moving average price is GBX 403.61 and its two-hundred day moving average price is GBX 402.36. Bytes Technology Group has a fifty-two week low of GBX 353.40 ($4.40) and a fifty-two week high of GBX 478.60 ($5.95). The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 2.36.
Bytes Technology Group Increases Dividend
Bytes Technology Group Company Profile
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.
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