Bytes Technology Group (LON:BYIT) Receives “Hold” Rating from Shore Capital Group

Shore Capital Group reissued their hold rating on shares of Bytes Technology Group (LON:BYIT) in a report released on Wednesday morning, MarketBeat reports.

Separately, Jefferies Financial Group downgraded shares of Bytes Technology Group to a “hold” rating and lowered their price target for the stock from GBX 447 to GBX 400 in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 461.60.

Bytes Technology Group Trading Up 0.2%

Shares of BYIT stock opened at GBX 267.20 on Wednesday. The firm has a 50-day moving average price of GBX 310.34 and a 200 day moving average price of GBX 349.25. Bytes Technology Group has a twelve month low of GBX 232.92 and a twelve month high of GBX 563. The company has a market capitalization of £631.51 million, a price-to-earnings ratio of 12.50, a PEG ratio of 2.27 and a beta of 0.69. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 3.98.

Bytes Technology Group Company Profile

With a 40-year track record, Bytes Technology Group is one of the UK and Ireland’s leading software, security, AI and cloud services specialists. We enable effective and cost-efficient technology sourcing, adoption and management across software, security, hardware, and AI and cloud services.

Our strong relationships with many of the world’s largest software companies enable our specialist staff to deliver the latest technology to a diverse and embedded customer base. This has resulted in our long track record of strong financial performance.