Bytes Technology Group (LON:BYIT – Get Free Report) issued its earnings results on Tuesday. The company reported GBX 12.76 earnings per share for the quarter, Digital Look Earnings reports. Bytes Technology Group had a net margin of 23.25% and a return on equity of 64.69%.
Bytes Technology Group Price Performance
Bytes Technology Group stock opened at GBX 436.20 on Wednesday. Bytes Technology Group has a one year low of GBX 232.92 and a one year high of GBX 494.20. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.98 and a current ratio of 1.05. The business has a fifty day moving average of GBX 425.50 and a two-hundred day moving average of GBX 378.77. The company has a market cap of £1.00 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 2.27 and a beta of 0.72.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Jefferies Financial Group increased their price target on shares of Bytes Technology Group from £3,200 to £3,700 and gave the stock a “hold” rating in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Bytes Technology Group to a “buy” rating and raised their price objective for the company from GBX 410 to GBX 500 in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of £927.91.
Bytes Technology Group Company Profile
BTG is one of the UK and Ireland’s leading software, security, AI and cloud services specialists. With a team of more than 1,200 talented people, it serves around 6,000 customers in the corporate and public sectors, building lasting, trust-based relationships to help organisations get the most from the latest transformative technologies shaping our world.
As a value-added reseller, BTG works hand in hand with more than 100 of the world’s biggest vendors who make or distribute the software, hardware and other IT products that it provides to its customers.
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