Iomart Group Plc (IOM) Given Buy Rating at Peel Hunt

Peel Hunt reiterated their buy rating on shares of Iomart Group Plc (LON:IOM) in a report released on Friday. They currently have a GBX 388 ($5.15) price objective on the stock.

Several other equities research analysts have also recently weighed in on the stock. N+1 Singer raised shares of Iomart Group Plc to a buy rating and set a GBX 388 ($5.15) price target for the company in a research report on Tuesday, August 22nd. FinnCap lifted their price objective on shares of Iomart Group Plc from GBX 360 ($4.78) to GBX 400 ($5.31) and gave the company a corporate rating in a report on Tuesday, June 13th.

Shares of Iomart Group Plc (LON:IOM) opened at 334.75 on Friday. Iomart Group Plc has a 12-month low of GBX 250.00 and a 12-month high of GBX 345.00. The firm has a 50-day moving average price of GBX 318.73 and a 200 day moving average price of GBX 309.62. The company’s market capitalization is GBX 360.06 million.

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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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