Bytes Technology Group’s (BYIT) Hold Rating Reiterated at Shore Capital Group

Shore Capital Group reaffirmed their hold rating on shares of Bytes Technology Group (LON:BYIT) in a report published on Wednesday morning, Marketbeat.com reports.

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

Bytes Technology Group Trading Up 0.1%

Shares of BYIT opened at GBX 263 on Wednesday. Bytes Technology Group has a one year low of GBX 232.92 and a one year high of GBX 563. The stock has a 50-day moving average price of GBX 306.69 and a 200 day moving average price of GBX 347.54. The company has a debt-to-equity ratio of 3.98, a quick ratio of 0.98 and a current ratio of 1.05. The company has a market capitalization of £621.58 million, a P/E ratio of 12.30, a P/E/G ratio of 2.27 and a beta of 0.69.

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.