iomart Group (LON:IOM) Upgraded at Numis Securities

Numis Securities upgraded shares of iomart Group (LON:IOM) to a buy rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage currently has GBX 185 ($2.34) price objective on the stock.

Separately, Shore Capital reiterated a buy rating on shares of iomart Group in a research report on Thursday.

iomart Group Trading Down 4.4 %

IOM stock opened at GBX 131 ($1.66) on Thursday. The company has a market capitalization of £146.98 million, a PE ratio of 2,183.33 and a beta of 0.50. The company has a debt-to-equity ratio of 47.97, a quick ratio of 1.18 and a current ratio of 1.09. iomart Group has a one year low of GBX 126.03 ($1.60) and a one year high of GBX 193.60 ($2.45). The company’s 50 day moving average price is GBX 142.31 and its two-hundred day moving average price is GBX 150.39.

iomart Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 26th. Shareholders of record on Thursday, January 4th were paid a GBX 1.94 ($0.02) dividend. The ex-dividend date was Thursday, January 4th. This represents a yield of 1.26%. iomart Group’s dividend payout ratio (DPR) is currently 8,333.33%.

iomart Group Company Profile

iomart Group plc engages in the provision of cloud hosting and managed services in the United Kingdom and internationally. It operates in two segments, Cloud Services and Easyspace. The Cloud Services segment offers managed cloud computing facilities and services, such as colocation data centre and disaster recovery services through a network of owned data centres, to the larger SME and corporate markets.