Shares of iomart Group plc (LON:IOM – Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as GBX 97.40 ($1.30) and last traded at GBX 104.50 ($1.40), with a volume of 139285 shares. The stock had previously closed at GBX 115 ($1.54).
Analysts Set New Price Targets
Several brokerages have recently weighed in on IOM. Shore Capital restated a “buy” rating on shares of iomart Group in a research report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 185 ($2.47) price target on shares of iomart Group in a research report on Monday, June 10th.
Get Our Latest Stock Analysis on iomart Group
iomart Group Stock Down 9.1 %
iomart Group Company Profile
iomart Group plc engages in the provision of cloud hosting and managed services in the United Kingdom and internationally. It operates in two segments, Cloud Services and Easyspace. The Cloud Services segment offers managed cloud computing facilities and services, such as colocation data centre and disaster recovery services through a network of owned data centres, to the larger SME and corporate markets.
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