Shore Capital Group Reiterates “Hold” Rating for Bytes Technology Group (LON:BYIT)

Bytes Technology Group (LON:BYIT)‘s stock had its “hold” rating restated by investment analysts at Shore Capital Group in a research note issued to investors on Wednesday, Marketbeat Ratings reports.

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

Bytes Technology Group Stock Performance

Bytes Technology Group stock opened at GBX 262.40 on Wednesday. Bytes Technology Group has a fifty-two week low of GBX 232.92 and a fifty-two week high of GBX 563. The stock’s 50 day simple moving average is GBX 308.52 and its two-hundred day simple moving average is GBX 348.65. 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 stock has a market cap of £620.17 million, a price-to-earnings ratio of 12.27, a PEG 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.