Peel Hunt Cuts Manx Telecom (MANX) Price Target to GBX 225

Manx Telecom (LON:MANX) had its price target lowered by Peel Hunt from GBX 250 ($3.45) to GBX 225 ($3.11) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Liberum Capital reissued a buy rating and issued a GBX 236 ($3.26) target price on shares of Manx Telecom in a report on Thursday, March 15th. Numis Securities downgraded Manx Telecom to a hold rating and lowered their target price for the company from GBX 220 ($3.04) to GBX 200 ($2.76) in a report on Friday, March 16th. Finally, Barclays lowered their target price on Manx Telecom from GBX 220 ($3.04) to GBX 215 ($2.97) and set an overweight rating on the stock in a report on Friday, March 16th.

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Manx Telecom (LON:MANX) opened at GBX 181.50 ($2.51) on Tuesday. Manx Telecom has a 1-year low of GBX 172 ($2.38) and a 1-year high of GBX 209 ($2.89). The firm has a market capitalization of $204.71 and a PE ratio of 1,815.00.

The company also recently announced a dividend, which will be paid on Friday, June 29th. Shareholders of record on Thursday, May 24th will be issued a GBX 7.50 ($0.10) dividend. This is an increase from Manx Telecom’s previous dividend of $7.20. The ex-dividend date is Thursday, May 24th. This represents a yield of 4.04%.

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About Manx Telecom

Manx Telecom plc is a United Kingdom-based communications solutions provider. The Company offers a range of fixed line, broadband, mobile and data center services to businesses, consumers and the public sector on the Isle of Man. The Company’s segments include Fixed line, broadband and data; Mobile; Global solutions; Data centre, and Other.

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