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Bytes Technology Group Plc ( (GB:BYIT) ) has issued an update.
Bytes Technology Group Plc has executed a share buyback, purchasing 107,500 of its ordinary shares at an average price of 359.69 GBP per share. This move is part of a previously announced Buyback Programme, aiming to reduce the total number of shares in circulation, thereby potentially increasing the value of remaining shares and enhancing shareholder value.
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 is a company primarily listed on the London Stock Exchange with a secondary listing on the Johannesburg Stock Exchange. It operates in the technology sector, focusing on providing IT solutions and services.
Average Trading Volume: 1,078,014
Technical Sentiment Signal: Sell
Current Market Cap: £844.1M
See more insights into BYIT stock on TipRanks’ Stock Analysis page.