Iomart Group (LON:IOM) Receives Buy Rating from Shore Capital

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Shore Capital restated their buy rating on shares of Iomart Group (LON:IOM) in a research report report published on Tuesday, July 17th.

A number of other equities analysts have also issued reports on IOM. Peel Hunt reiterated a buy rating on shares of Iomart Group in a research report on Tuesday, June 12th. N+1 Singer reissued a buy rating and issued a GBX 465 ($6.02) price target on shares of Iomart Group in a research report on Thursday, March 29th. Finally, FinnCap increased their price target on shares of Iomart Group from GBX 415 ($5.37) to GBX 450 ($5.83) and gave the stock a corporate rating in a research report on Tuesday, June 12th.

Shares of Iomart Group stock traded down GBX 13 ($0.17) during trading on Tuesday, hitting GBX 402 ($5.20). 123,415 shares of the stock were exchanged, compared to its average volume of 113,357. The firm has a market capitalization of $404.98 million and a P/E ratio of 3,041.67. Iomart Group has a 12 month low of GBX 280 ($3.62) and a 12 month high of GBX 420 ($5.44).

The business also recently declared a dividend, which will be paid on Thursday, September 6th. Stockholders of record on Thursday, August 16th will be given a GBX 4.93 ($0.06) dividend. This represents a dividend yield of 1.31%. This is a positive change from Iomart Group’s previous dividend of $2.25. The ex-dividend date is Thursday, August 16th.

About Iomart Group

iomart Group Plc provides managed cloud services in the United Kingdom and internationally. It operates through two segments, Cloud Services and Easyspace. The company offers a range of domain names, shared, dedicated and virtual servers, and email services to micro and SME markets. It also provides managed cloud computing facilities and services through a network of owned datacenters to larger SME and corporate markets.

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