Iomart Group Plc (IOM) Earns Buy Rating from Peel Hunt

Peel Hunt reissued their buy rating on shares of Iomart Group Plc (LON:IOM) in a report issued on Monday morning. Peel Hunt currently has a GBX 388 ($5.01) target price on the stock.

A number of other research firms have also issued reports on IOM. N+1 Singer raised Iomart Group Plc to a buy rating and set a GBX 388 ($5.01) target price on the stock in a research note on Tuesday, August 22nd. FinnCap increased their price target on Iomart Group Plc from GBX 360 ($4.65) to GBX 400 ($5.17) and gave the stock a corporate rating in a research note on Tuesday, June 13th.

Shares of Iomart Group Plc (LON:IOM) opened at 323.25 on Monday. The firm’s market cap is GBX 347.69 million. Iomart Group Plc has a 12-month low of GBX 250.00 and a 12-month high of GBX 345.00. The company has a 50 day moving average price of GBX 314.39 and a 200 day moving average price of GBX 306.18.

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The firm also recently declared a dividend, which was paid on Wednesday, September 6th. Shareholders of record on Thursday, August 10th were paid a dividend of GBX 6 ($0.08) per share. This represents a dividend yield of 1.88%. The ex-dividend date was Thursday, August 10th. This is a positive change from Iomart Group Plc’s previous dividend of $3.15.

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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