iomart Group (LON:IOM) Upgraded to Buy by Numis Securities

Numis Securities upgraded shares of iomart Group (LON:IOM) to a buy rating in a research report released on Thursday, MarketBeat reports. Numis Securities currently has GBX 185 ($2.34) price target on the stock.

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

iomart Group Stock Down 4.4 %

IOM stock opened at GBX 131 ($1.66) on Thursday. iomart Group has a twelve month low of GBX 120 ($1.52) and a twelve month high of GBX 193.60 ($2.45). The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 47.97. The firm has a market cap of £146.98 million, a PE ratio of 2,183.33 and a beta of 0.50. The business has a 50 day moving average of GBX 142.31 and a 200 day moving average of GBX 150.34.

iomart Group Cuts Dividend

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