Bytes Technology Group’s (BYIT) Buy Rating Reaffirmed at Peel Hunt

Peel Hunt reiterated their buy rating on shares of Bytes Technology Group (LON:BYITGet Rating) in a research report report published on Tuesday morning, reports. They currently have a GBX 489 ($6.08) target price on the stock.

Separately, Jefferies Financial Group reiterated a buy rating and set a GBX 480 ($5.97) price objective on shares of Bytes Technology Group in a research note on Friday, March 24th.

Bytes Technology Group Trading Up 0.3 %

LON BYIT opened at GBX 450 ($5.60) on Tuesday. The stock has a market capitalization of £1.08 billion, a price-to-earnings ratio of 3,214.29, a PEG ratio of 2.27 and a beta of 0.86. The stock’s 50 day moving average price is GBX 403.61 and its two-hundred day moving average price is GBX 402.36. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.98 and a current ratio of 0.99. Bytes Technology Group has a 52 week low of GBX 353.40 ($4.40) and a 52 week high of GBX 478.60 ($5.95).

Bytes Technology Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 4th. Stockholders of record on Thursday, July 20th will be paid a dividend of GBX 12.60 ($0.16) per share. The ex-dividend date is Thursday, July 20th. This represents a dividend yield of 2.81%. This is a boost from Bytes Technology Group’s previous dividend of $2.40. Bytes Technology Group’s dividend payout ratio is currently 5,000.00%.

About Bytes Technology Group

(Get Rating)

Bytes Technology Group plc offers software, IT security, hardware, and cloud services in the United Kingdom, rest of Europe, and internationally. The company sells servers, laptops, and other devices; various cloud-based and non-cloud-based licenses; and externally and internally provided training and consulting services.

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