iomart Group (LON:IOM)‘s stock had its “buy” rating reaffirmed by analysts at Peel Hunt in a research note issued to investors on Tuesday, Price Targets.com reports. They presently have a GBX 354 ($4.69) target price on the stock. Peel Hunt’s target price would indicate a potential upside of 116.22% from the company’s current price.
Separately, Shore Capital reissued a “buy” rating on shares of iomart Group in a research note on Friday, December 3rd.
Shares of LON IOM opened at GBX 163.72 ($2.17) on Tuesday. The business has a fifty day simple moving average of GBX 166.30 and a 200-day simple moving average of GBX 226.87. The company has a market cap of £179.86 million and a price-to-earnings ratio of 17.69. The company has a quick ratio of 1.02, a current ratio of 1.40 and a debt-to-equity ratio of 66.62. iomart Group has a 12 month low of GBX 136 ($1.80) and a 12 month high of GBX 349 ($4.63).
In other news, insider Richard Masters bought 2,700 shares of the company’s stock in a transaction on Friday, October 1st. The shares were bought at an average cost of GBX 183 ($2.43) per share, with a total value of £4,941 ($6,552.18). Also, insider Scott Cunningham acquired 7,000 shares of the stock in a transaction dated Wednesday, October 6th. The shares were bought at an average cost of GBX 170 ($2.25) per share, for a total transaction of £11,900 ($15,780.40).
iomart Group Company Profile
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 products to the micro and SME markets, including domain names, shared, dedicated and virtual servers, and email services.
Read More: What is meant by buying and selling pressure?
Want More Great Investing Ideas?
