Iomart Group (LON:IOM) had its price target upped by equities research analysts at Peel Hunt from GBX 405 ($5.69) to GBX 440 ($6.18) in a note issued to investors on Wednesday, January 3rd. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s price objective would indicate a potential upside of 15.18% from the stock’s previous close.

A number of other equities research analysts have also commented on IOM. Shore Capital reiterated a “buy” rating on shares of Iomart Group in a research report on Tuesday, December 5th. FinnCap upped their price objective on Iomart Group from GBX 400 ($5.62) to GBX 415 ($5.83) and gave the stock a “corporate” rating in a research report on Tuesday, December 5th. Finally, N+1 Singer restated a “buy” rating and issued a GBX 427 ($6.00) price objective on shares of Iomart Group in a research report on Tuesday, December 5th.

Shares of Iomart Group (LON IOM) traded up GBX 5 ($0.07) during mid-day trading on Wednesday, hitting GBX 382 ($5.36). The stock had a trading volume of 54,534 shares, compared to its average volume of 75,519. Iomart Group has a 1-year low of GBX 280 ($3.93) and a 1-year high of GBX 420 ($5.90). The stock has a market capitalization of $411.91 and a price-to-earnings ratio of 3,183.33.

COPYRIGHT VIOLATION WARNING: “Peel Hunt Raises Iomart Group (IOM) Price Target to GBX 440” was first posted by Marea Informative and is the property of of Marea Informative. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://www.mareainformativa.com/2018/01/29/peel-hunt-boosts-iomart-group-iom-price-target-to-gbx-440-updated-updated-updated.html.

About Iomart Group

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.

Receive News & Ratings for Iomart Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iomart Group and related companies with MarketBeat.com's FREE daily email newsletter.