Bytes Technology Group (LON:BYIT) Receives “Neutral” Rating from UBS Group

Bytes Technology Group (LON:BYIT)‘s stock had its “neutral” rating reiterated by equities research analysts at UBS Group in a research report issued to clients and investors on Monday,Digital Look reports. They currently have a GBX 305 price target on the stock. UBS Group’s price target indicates a potential downside of 2.87% from the stock’s current price.

A number of other brokerages have also recently issued reports on BYIT. Jefferies Financial Group reiterated a “hold” rating and set a GBX 320 target price on shares of Bytes Technology Group in a report on Friday, April 10th. Shore Capital Group restated a “hold” rating on shares of Bytes Technology Group in a report on Wednesday, March 25th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 422.17.

Bytes Technology Group Price Performance

BYIT stock opened at GBX 314 on Monday. The company has a market cap of £742.20 million, a PE ratio of 14.69, a price-to-earnings-growth ratio of 2.27 and a beta of 0.68. 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 50-day moving average price of GBX 297.66 and a two-hundred day moving average price of GBX 327.84. Bytes Technology Group has a 12-month low of GBX 232.92 and a 12-month high of GBX 563.

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.