FinnCap Reiterates Corporate Rating for Iomart Group Plc (IOM)

Iomart Group Plc (LON:IOM)‘s stock had its “corporate” rating restated by equities researchers at FinnCap in a research note issued on Thursday. They currently have a GBX 400 ($5.26) target price on the stock. FinnCap’s target price would indicate a potential upside of 12.99% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Peel Hunt upped their price objective on shares of Iomart Group Plc from GBX 388 ($5.10) to GBX 405 ($5.33) and gave the company a “buy” rating in a research note on Wednesday, November 1st. Shore Capital reaffirmed a “buy” rating on shares of Iomart Group Plc in a research note on Friday, September 29th. Finally, N+1 Singer raised shares of Iomart Group Plc to a “buy” rating and set a GBX 388 ($5.10) price objective for the company in a research note on Tuesday, August 22nd.

Shares of Iomart Group Plc (LON IOM) traded up GBX 0.02 ($0.00) during trading on Thursday, hitting GBX 354.02 ($4.66). 29,817 shares of the stock were exchanged, compared to its average volume of 132,047. Iomart Group Plc has a 12 month low of GBX 250 ($3.29) and a 12 month high of GBX 380 ($5.00).

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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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