Nplus1 Brewin Reiterates Buy Rating for Iomart Group Plc (IOM)
Iomart Group Plc (LON:IOM)‘s stock had its “buy” rating reiterated by equities research analysts at Nplus1 Brewin in a research note issued to investors on Tuesday, StockRatingsNetwork reports.
Separately, analysts at Canaccord Genuity raised their price target on shares of Iomart Group Plc (LON:IOM) from GBX 272 ($4.39) to GBX 300 ($4.84) in a research note to investors on Thursday, September 5th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of GBX 286.09 ($4.62).
Shares of Iomart Group Plc (LON:IOM) traded down 4.91% on Tuesday, hitting GBX 276.00. 8,777,507 shares of the company’s stock traded hands. Iomart Group Plc has a 52-week low of GBX 184.00 and a 52-week high of GBX 322.00. The stock’s 50-day moving average is GBX 290.1 and its 200-day moving average is GBX 255.4.
Iomart Group plc is a United Kingdom-based company. The Company is engaged in the provision of Web hosting and managed hosting services through a network of owned data centers.
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