Manx Telecom (MANX) PT Lowered to GBX 200 at Barclays

Manx Telecom (LON:MANX) had its price target lowered by Barclays from GBX 215 ($2.80) to GBX 200 ($2.61) in a report issued on Monday. The brokerage currently has an “overweight” rating on the stock. Barclays’ price objective points to a potential upside of 18.17% from the company’s current price.

Several other analysts have also issued reports on MANX. Peel Hunt reissued a “buy” rating on shares of Manx Telecom in a report on Friday, June 1st. Liberum Capital reissued a “buy” rating on shares of Manx Telecom in a report on Thursday, July 12th. Finally, Numis Securities reduced their target price on Manx Telecom from GBX 200 ($2.61) to GBX 170 ($2.21) and set a “hold” rating on the stock in a report on Thursday.

MANX opened at GBX 169.25 ($2.20) on Monday. Manx Telecom has a 52-week low of GBX 172 ($2.24) and a 52-week high of GBX 209 ($2.72).

About Manx Telecom

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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