We are downgrading our investment stance from a Buy to a Hold recommendation on BMIT Technologies plc, with a price target of €0.52 from our previous price target of €0.51. Following the IPO price of €0.49, the share price increased to €0.55 and has since been trading at this level. We believe that this increase in the share price has captured the foreseeable future growth of the Group. Our hold recommendation is based on a various of reasons which could be found in our research report. Click HERE to read the full report.