Iomart Group (LON:IOM) had its target price boosted by equities research analysts at FinnCap from GBX 400 ($5.38) to GBX 415 ($5.59) in a research report issued on Tuesday. The brokerage currently has a “corporate” rating on the stock. FinnCap’s target price would suggest a potential upside of 8.36% from the stock’s previous close.

A number of other brokerages have also commented on IOM. Peel Hunt reaffirmed a “buy” rating and issued a GBX 405 ($5.45) price target on shares of Iomart Group in a research note on Monday. N+1 Singer raised Iomart Group to a “buy” rating and set a GBX 388 ($5.22) price target for the company in a research note on Tuesday, August 22nd. Finally, Shore Capital reaffirmed a “buy” rating on shares of Iomart Group in a research note on Friday, September 29th.

Shares of Iomart Group (LON IOM) traded up GBX 10 ($0.13) during mid-day trading on Tuesday, reaching GBX 383 ($5.15). The company had a trading volume of 157,179 shares, compared to its average volume of 161,833. Iomart Group has a 12 month low of GBX 274 ($3.69) and a 12 month high of GBX 394.75 ($5.31).

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Iomart Group 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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