Peel Hunt Reiterates “Buy” Rating for Iomart Group Plc (IOM)
Iomart Group Plc (LON:IOM)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a research note issued to investors on Friday. They presently have a GBX 315 ($4.11) price target on the stock. Peel Hunt’s price objective suggests a potential upside of 13.72% from the stock’s previous close.
Separately, FinnCap restated a “corporate” rating and issued a GBX 360 ($4.70) target price on shares of Iomart Group Plc in a research note on Friday.
Iomart Group Plc (LON:IOM) opened at 277.00 on Friday. Iomart Group Plc has a 52-week low of GBX 210.00 and a 52-week high of GBX 320.00. The stock’s market cap is GBX 295.88 million. The firm’s 50-day moving average price is GBX 297.00 and its 200 day moving average price is GBX 278.18.
In other news, insider Logan,Richard sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of GBX 310 ($4.05), for a total transaction of £6,200 ($8,092.94). Also, insider Haran,Sarah sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of GBX 295 ($3.85), for a total value of £8,850 ($11,552.02).
Iomart Group Plc Company Profile
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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