Manx Telecom (MANX) PT Lowered to GBX 215 at Barclays

Manx Telecom (LON:MANX) had its target price reduced by equities researchers at Barclays from GBX 220 ($3.09) to GBX 215 ($3.02) in a research note issued to investors on Friday, March 16th. The brokerage currently has an “overweight” rating on the stock. Barclays’ target price would suggest a potential upside of 18.46% from the stock’s previous close.

A number of other equities analysts also recently commented on MANX. Peel Hunt restated a “buy” rating and issued a GBX 250 ($3.51) price objective on shares of Manx Telecom in a report on Monday, December 4th. Liberum Capital reiterated a “buy” rating and issued a GBX 236 ($3.31) target price on shares of Manx Telecom in a research note on Friday, January 12th.

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Shares of Manx Telecom stock remained flat at $GBX 181.50 ($2.55) during trading hours on Friday. The stock had a trading volume of 147,645 shares, compared to its average volume of 87,925. Manx Telecom has a 52 week low of GBX 172 ($2.41) and a 52 week high of GBX 209 ($2.93).

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Manx Telecom Company Profile

Manx Telecom plc provides a range of telecommunications services to consumers, businesses, and public sector in the Isle of Man and internationally. It operates through five segments: Fixed Line, Broadband and Data; Mobile; Global Solutions; Data Centre; and Other. The Fixed Line, Broadband and Data segment offers fixed line, broadband, and connectivity services to approximately 37,000 homes and 4,000 businesses.

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