Jefferies Financial Group Reiterates Hold Rating for Bytes Technology Group (LON:BYIT)

Bytes Technology Group (LON:BYIT)‘s stock had its “hold” rating reissued by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Friday, Marketbeat.com reports. They currently have a GBX 320 price target on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 12.68% from the company’s previous close.

Separately, Shore Capital Group reaffirmed a “hold” rating on shares of Bytes Technology Group in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 445.60.

Bytes Technology Group Stock Performance

Shares of BYIT stock opened at GBX 284 on Friday. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.05 and a quick ratio of 0.98. The company has a market cap of £671.29 million, a price-to-earnings ratio of 13.28, a PEG ratio of 2.27 and a beta of 0.69. The stock has a 50 day simple moving average of GBX 295.82 and a 200-day simple moving average of GBX 338.25. Bytes Technology Group has a 1-year low of GBX 232.92 and a 1-year high of GBX 563.

About Bytes Technology Group

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.