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The latest announcement is out from Bytes Technology Group Plc ( (GB:BYIT) ).
Bytes Technology Group Plc has announced an update regarding its share capital following a Share Repurchase Programme. The company’s issued share capital now consists of 242,011,605 ordinary voting shares, with no shares held in treasury. This update is significant for shareholders as it affects the calculations for notifying changes in their shareholding interests under regulatory rules.
The most recent analyst rating on (GB:BYIT) stock is a Buy with a £5.10 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 and strategic corporate actions are significant positives, contributing to a robust overall score. However, technical indicators suggest caution due to bearish momentum. The stock’s reasonable valuation and attractive dividend yield further support its investment appeal.
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, with a primary listing on the Main Market of the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange.
Average Trading Volume: 1,231,027
Technical Sentiment Signal: Sell
Current Market Cap: £977.2M
See more data about BYIT stock on TipRanks’ Stock Analysis page.