Iomart Group Plc (LON:IOM) was upgraded by N+1 Singer to a “buy” rating in a note issued to investors on Tuesday. The firm presently has a GBX 388 ($5.04) target price on the stock. N+1 Singer’s price target would suggest a potential upside of 23.17% from the stock’s previous close.
Several other equities analysts have also weighed in on the stock. Peel Hunt reaffirmed a “buy” rating and set a GBX 315 ($4.09) price objective on shares of Iomart Group Plc in a research report on Wednesday, April 26th. FinnCap raised their price objective on shares of Iomart Group Plc from GBX 360 ($4.67) to GBX 400 ($5.19) and gave the company a “corporate” rating in a research report on Tuesday, June 13th.
Iomart Group Plc (LON:IOM) traded down 0.56% during midday trading on Tuesday, reaching GBX 313.25. 32,777 shares of the company’s stock traded hands. The company’s 50-day moving average price is GBX 313.50 and its 200 day moving average price is GBX 304.86. Iomart Group Plc has a 52 week low of GBX 250.00 and a 52 week high of GBX 345.00. The stock’s market capitalization is GBX 336.27 million.
About Iomart Group Plc
iomart Group plc is a holding company. The Company is engaged in providing secure managed hosting and cloud services. The Company operates through two segments: Easyspace and Cloud Services. The Easyspace segment provides a range of shared hosting and domain registration services to micro, and small and medium-sized enterprises (SME) companies.
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