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

Bytes Technology Group (LON:BYIT)‘s stock had its “buy” rating reiterated by research analysts at Shore Capital in a note issued to investors on Wednesday,Digital Look reports.

Separately, Berenberg Bank increased their price objective on Bytes Technology Group from GBX 640 ($8.55) to GBX 660 ($8.81) and gave the stock a “buy” rating in a report on Tuesday, March 18th.

Bytes Technology Group Stock Performance

Bytes Technology Group stock opened at GBX 538.50 ($7.19) on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 0.67. The firm has a market cap of £1.30 billion, a P/E ratio of 25.03, a P/E/G ratio of 2.27 and a beta of 0.65. Bytes Technology Group has a 1-year low of GBX 400 ($5.34) and a 1-year high of GBX 610 ($8.15). The firm has a 50-day moving average of GBX 471.10 and a 200-day moving average of GBX 455.43.

Bytes Technology Group Company Profile

With a 40-year track record, Bytes Technology Group is one of the UK’s leading providers of software, security and cloud services. We enable effective and cost-efficient technology sourcing, adoption and management across software, security, hardware 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.