Iomart Group Plc’s (LON:IOM) Buy Rating Reaffirmed at Peel Hunt
Iomart Group Plc (LON:IOM)‘s stock had its “buy” rating reaffirmed by equities researchers at Peel Hunt in a research note issued on Friday. They currently have a GBX 388 ($4.94) price objective on the stock. Peel Hunt’s target price would indicate a potential upside of 26.59% from the stock’s current price.
Several other analysts also recently commented on IOM. FinnCap reiterated a “corporate” rating and set a GBX 360 ($4.58) target price on shares of Iomart Group Plc in a research note on Sunday, April 2nd. Shore Capital reiterated a “buy” rating on shares of Iomart Group Plc in a research note on Friday, March 31st.
Shares of Iomart Group Plc (IOM) traded down 3.84% on Friday, hitting GBX 306.50. The company had a trading volume of 44,649 shares. The stock’s market capitalization is GBX 329.03 million. The firm’s 50 day moving average price is GBX 312.06 and its 200-day moving average price is GBX 302.81. Iomart Group Plc has a 52 week low of GBX 250.00 and a 52 week high of GBX 345.00.
The firm also recently announced a dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Thursday, August 10th will be paid a dividend of GBX 6 ($0.08) per share. This represents a yield of 1.88%. This is an increase from Iomart Group Plc’s previous dividend of $3.15. The ex-dividend date of this dividend is Thursday, August 10th.
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Iomart Group Plc Company Profile
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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