Iomart Group Plc Given New GBX 300 Price Target at N+1 Singer (IOM)
Investment analysts at N+1 Singer hoisted their price objective on shares of Iomart Group Plc (LON:IOM) from GBX 282 ($4.71) to GBX 300 ($5.02) in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. N+1 Singer’s target price would suggest a potential upside of 7.50% from the stock’s previous close.
Iomart Group Plc (LON:IOM) opened at 280.8675 on Wednesday. Iomart Group Plc has a 52 week low of GBX 205.00 and a 52 week high of GBX 322.00. The stock’s 50-day moving average is GBX 245.0 and its 200-day moving average is GBX 248.0.
A number of other firms have also recently commented on IOM. Analysts at FinnCap reiterated a “buy” rating on shares of Iomart Group Plc in a research note on Friday, July 25th. They now have a GBX 325 ($5.43) price target on the stock. Separately, analysts at SP Angel reiterated a “buy” rating on shares of Iomart Group Plc in a research note on Thursday, July 24th. They now have a GBX 300 ($5.02) price target on the stock. Finally, analysts at SP Angel initiated coverage on shares of Iomart Group Plc in a research note on Thursday, June 5th. They set a “buy” rating and a GBX 290 ($4.85) price target on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 301.40 ($5.04).
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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