Bytes Technology Group (LON:BYIT) Given Hold Rating at Shore Capital Group

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

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

Bytes Technology Group Price Performance

Shares of LON BYIT opened at GBX 267.80 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 3.98. The stock has a fifty day simple moving average of GBX 311.95 and a two-hundred day simple moving average of GBX 349.83. Bytes Technology Group has a 1-year low of GBX 232.92 and a 1-year high of GBX 563. The firm has a market cap of £632.93 million, a price-to-earnings ratio of 12.53, a price-to-earnings-growth 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.