Iomart Group (IOM) Given “Buy” Rating at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Iomart Group (LON:IOM) in a research report released on Monday. The brokerage currently has a GBX 405 ($5.45) price target on the stock.

Several other equities research analysts also recently issued reports on IOM. N+1 Singer raised shares of Iomart Group to a buy rating and set a GBX 388 ($5.22) price objective for the company in a research report on Tuesday, August 22nd. FinnCap reissued a corporate rating and set a GBX 400 ($5.38) price objective on shares of Iomart Group in a research report on Friday, September 29th. Finally, Shore Capital reissued a buy rating on shares of Iomart Group in a research report on Friday, September 29th.

Shares of Iomart Group (LON:IOM) traded up GBX 10 ($0.13) during mid-day trading on Monday, hitting GBX 383 ($5.15). 157,179 shares of the stock traded hands, compared to its average volume of 161,833. Iomart Group has a 52 week low of GBX 274 ($3.69) and a 52 week high of GBX 394.75 ($5.31).

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Iomart Group Company Profile

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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