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 stock analysts at Jefferies Financial Group in a note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 320 price target on the stock. Jefferies Financial Group’s price target would suggest a potential downside of 1.17% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. UBS Group reiterated a “neutral” rating and set a GBX 305 price objective on shares of Bytes Technology Group in a research note on Monday. Shore Capital Group reiterated a “hold” rating on shares of Bytes Technology Group in a research note on Wednesday, March 25th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Bytes Technology Group currently has an average rating of “Hold” and an average target price of GBX 422.17.

Bytes Technology Group Trading Up 1.8%

LON:BYIT opened at GBX 323.80 on Tuesday. Bytes Technology Group has a 12 month low of GBX 232.92 and a 12 month high of GBX 553. The firm has a fifty day simple moving average of GBX 298.54 and a 200-day simple moving average of GBX 327.17. 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 company has a market capitalization of £765.37 million, a P/E ratio of 15.14, a PEG ratio of 2.27 and a beta of 0.68.

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.