iomart Group (LON:IOM) Rating Increased to Buy 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 morning, Marketbeat.com reports. They currently have GBX 185 ($2.34) price target on the stock.

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

iomart Group Price Performance

Shares of LON:IOM opened at GBX 136.12 ($1.72) on Thursday. The company’s fifty day moving average is GBX 142.62 and its two-hundred day moving average is GBX 150.66. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 47.97. iomart Group has a 12-month low of GBX 120 ($1.52) and a 12-month high of GBX 193.60 ($2.45). The company has a market cap of £152.73 million, a P/E ratio of 2,283.33 and a beta of 0.51.

iomart Group Cuts Dividend

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

About iomart Group

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.