Bytes Technology Group (LON:BYIT) Receives “Buy” Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of Bytes Technology Group (LON:BYIT) in a research report sent to investors on Friday morning,London Stock Exchange reports.

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 640 ($7.93) price objective on shares of Bytes Technology Group in a research report on Tuesday, October 15th.

Bytes Technology Group Price Performance

Shares of Bytes Technology Group stock opened at GBX 462.20 ($5.73) on Friday. The firm has a market cap of £1.11 billion, a PE ratio of 2,432.63, a P/E/G ratio of 2.27 and a beta of 0.65. Bytes Technology Group has a twelve month low of GBX 405 ($5.02) and a twelve month high of GBX 663 ($8.22). The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 3.50. The business has a 50-day moving average price of GBX 437.41 and a 200 day moving average price of GBX 464.67.

Insider Transactions at Bytes Technology Group

In other Bytes Technology Group news, insider Ross Paterson bought 2,800 shares of the company’s stock in a transaction dated Monday, January 20th. The stock was acquired at an average price of GBX 427 ($5.29) per share, with a total value of £11,956 ($14,817.20). Corporate insiders own 9.51% of the company’s stock.

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.