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Shore Capital reiterated Iomart Group PLC (LON:IOM) to Buy in a statement released earlier today.

Shore Capital has reiterated Iomart Group PLC (LON:IOM) to Buy in a report released on 12/05/2017.

Previously on Monday December 04, 2017, Peel Hunt reported on Iomart Group PLC (LON:IOM) held steady the target price at 405.00GBX. At the time, this indicated a possible upside of 0.19%.

Yesterday Iomart Group PLC (LON:IOM) traded 0.21% higher at 386.50GBX. The company’s 50-day moving average is 341.99GBX and its 200-day moving average is 318.90GBX. The last closing price is up 11.24% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time period. 72,322 shares of the stock traded hands, down from an average trading volume of 120,539

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Iomart Group PLC (LON:IOM)

Iomart Group PLC has a 52 week low of 250.00GBX and a 52 week high of 380.00GBX with a P/E ratio of 31.96 The company’s market cap is currently 0 GBX.

In addition to Shore Capital reporting its stock price target, a total of 4 brokers have issued a report on the company. The average stock price target is 318.00GBX with 2 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Iomart Group PLC (LON:IOM)

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. The Cloud Services segment provides managed cloud computing facilities and services, through a network of owned datacenters, to the larger SME and corporate markets. The Cloud Services segment uses various routes to market and provides managed hosting services through iomart Hosting, RapidSwitch, Melbourne, iomart Cloud Services, Redstation, Backup Technology, ServerSpace and SystemsUp. Its products include CloudSure Hosting Solutions, Managed Services, Storage, Network and Control Panel. It provides Infrastructure as a Service platform and EMC Avamar Cloud Backup for LabVantage Solutions, Inc., a global laboratory informatics provider.

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