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.

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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.

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