Iomart Group (IOM) PT Raised to GBX 440 at Peel Hunt

Iomart Group (LON:IOM) had its price target increased by research analysts at Peel Hunt from GBX 405 ($5.42) to GBX 440 ($5.88) in a research note issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s target price would suggest a potential upside of 13.65% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. Shore Capital restated a “buy” rating on shares of Iomart Group in a research note on Tuesday, December 5th. FinnCap increased their price target on Iomart Group from GBX 400 ($5.35) to GBX 415 ($5.55) and gave the company a “corporate” rating in a research note on Tuesday, December 5th. Finally, N+1 Singer reiterated a “buy” rating and issued a GBX 427 ($5.71) price target on shares of Iomart Group in a research note on Tuesday, December 5th.

Iomart Group (LON:IOM) opened at GBX 393 ($5.25) on Wednesday. The firm has a market capitalization of $425.08 and a P/E ratio of 3,275.00. Iomart Group has a 1 year low of GBX 280 ($3.74) and a 1 year high of GBX 420 ($5.62).

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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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