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Bytes Technology Group Plc ( (GB:BYIT) ) has issued an update.
Bytes Technology Group Plc announced an update on its share capital following a share repurchase program. The company’s issued share capital now comprises 237,623,207 ordinary voting shares, with no shares held in treasury. This update is significant for shareholders as it affects the calculation of their interests under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:BYIT) stock is a Buy with a £415.00 price target. To see the full list of analyst forecasts on Bytes Technology Group Plc stock, see the GB:BYIT Stock Forecast page.
Spark’s Take on GB:BYIT Stock
According to Spark, TipRanks’ AI Analyst, GB:BYIT is a Outperform.
Bytes Technology Group’s strong financial performance is the most significant factor, supported by solid revenue growth, profitability, and cash flow management. The valuation is reasonable with a good dividend yield, while technical indicators suggest a neutral outlook. The absence of earnings call and corporate events data does not impact the score.
To see Spark’s full report on GB:BYIT stock, click here.
More about Bytes Technology Group Plc
Bytes Technology Group Plc operates in the technology sector, focusing on providing IT solutions and services. The company is listed on both the London Stock Exchange and the Johannesburg Stock Exchange, highlighting its market presence in both the UK and South Africa.
Average Trading Volume: 1,069,710
Technical Sentiment Signal: Sell
Current Market Cap: £879.1M
Find detailed analytics on BYIT stock on TipRanks’ Stock Analysis page.