Bytes Technology Group (BYIT)

Sector:

IT Services

Index:

FTSE 250

340.00p
   
  • Change Today:
      3.00p
  • 52 Week High: 551.00
  • 52 Week Low: 320.80
  • Currency: UK Pounds
  • Shares Issued: 242.63m
  • Volume: 843,448
  • Market Cap: £824.96m
  • Beta: 0.00

Jefferies upgrades Bytes Technology, cites attractive risk/reward

By Michele Maatouk

Date: Wednesday 16 Jul 2025

LONDON (ShareCast) - (Sharecast News) - Jefferies upgraded Bytes Technology to 'buy' from 'hold' on Wednesday, citing an attractive risk/reward.
It said that while the AGM statement was "undeniably weak", the growth slowdown should be temporary and that the fundamental health of Microsoft - around 50% of gross profit - should underpin a future recovery.

"Meanwhile, the shares have now fallen circa 36% off the back of 8-11% forecast downgrades, leaving the shares on an ex-growth valuation," Jefferies said.

"We think this creates an attractive risk reward, and, as a result we upgrade out rating to buy."

Jefferies has a 380p price target on the stock.

At 1050 BST, the shares were up 2.5% at 338.07p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BYIT Market Data

Currency UK Pounds
Share Price 340.00p
Change Today 3.00p
% Change 0.89 %
52 Week High 551.00
52 Week Low 320.80
Volume 843,448
Shares Issued 242.63m
Market Cap £824.96m
Beta 0.00

BYIT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.61% below the market average74.61% below the market average74.61% below the market average74.61% below the market average74.61% below the market average
54.43% below the sector average54.43% below the sector average54.43% below the sector average54.43% below the sector average54.43% below the sector average
Price Trend
70.28% below the market average70.28% below the market average70.28% below the market average70.28% below the market average70.28% below the market average
46.99% below the sector average46.99% below the sector average46.99% below the sector average46.99% below the sector average46.99% below the sector average
Income
25.90% above the market average25.90% above the market average25.90% above the market average25.90% above the market average25.90% above the market average
48.15% above the sector average48.15% above the sector average48.15% above the sector average48.15% above the sector average48.15% above the sector average
Growth
61.01% above the market average61.01% above the market average61.01% above the market average61.01% above the market average61.01% above the market average
45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average

BYIT Dividends

  Latest Previous
  Final Special
Ex-Div 10-Jul-25 10-Jul-25
Paid 25-Jul-25 25-Jul-25
Amount 6.90p 10.00p

Trades for 17-Jul-2025

Time Volume / Share Price
16:35 164,174 @ 340.00p
16:35 92 @ 340.00p
16:35 113 @ 340.00p
16:35 1,378 @ 340.00p
16:35 1,502 @ 340.00p

BYIT Key Personnel

Chair Patrick De Smedt
CFO Andrew Holden
CEO Sam Mudd

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