Iomart Group Plc (IOM) Earns Hold Rating from N+1 Singer
Iomart Group Plc (LON:IOM)‘s stock had its “hold” rating restated by N+1 Singer in a research note issued to investors on Friday. They currently have a GBX 297 ($3.88) price target on the stock. N+1 Singer’s target price points to a potential upside of 7.22% from the stock’s previous close.
Several other brokerages have also issued reports on IOM. FinnCap reiterated a “corporate” rating and set a GBX 360 ($4.70) price objective (up from GBX 340 ($4.44)) on shares of Iomart Group Plc in a report on Tuesday, June 7th. Peel Hunt restated a “buy” rating and set a GBX 315 ($4.11) target price on shares of Iomart Group Plc in a report on Tuesday, June 7th.
Shares of Iomart Group Plc (LON:IOM) opened at 287.50 on Friday. Iomart Group Plc has a 52 week low of GBX 210.00 and a 52 week high of GBX 320.00. The firm has a 50 day moving average price of GBX 297.00 and a 200-day moving average price of GBX 278.18. The firm’s market capitalization is GBX 307.09 million.
In other news, insider Logan,Richard sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of GBX 310 ($4.05), for a total value of £6,200 ($8,092.94). Also, insider Haran,Sarah sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of GBX 295 ($3.85), for a total value of £8,850 ($11,552.02).
About Iomart Group Plc
iomart Group plc (iomart) is a United Kingdom-based company. The Company is engaged in provision of cloud computing and managed hosting services. The Group specializes in the design, delivery and management of business-critical hosting services. The Company operates in two segments: Easyspace and Hosting.
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