Iomart Group Plc 53.8% potential upside indicated by Peel Hunt Limited

Broker Ratings

Iomart Group Plc with ticker (LON:IOM) now has a potential upside of 53.8% according to Peel Hunt Limited.

Peel Hunt Limited set a target price of 354 GBX for the company, which when compared to the Iomart Group Plc share price of 164 GBX at opening today (09/12/2021) indicates a potential upside of 53.8%. Trading has ranged between 136 (52 week low) and 349 (52 week high) with an average of 494,502 shares exchanging hands daily. The market capitalisation at the time of writing is £178,648,983.

iomart group PLC is a United Kingdom-based holding company. The Company is engaged in providing secure managed hosting and cloud services. The Company operates through two segments: Cloud Services and Easyspace. The Cloud Services segment provides managed cloud computing infrastructure and services including consultancy. The Cloud Services segment uses various routes to market and provides managed hosting services through iomart Cloud Services, Infrastructure as a Service (IaaS), Cristie Data, Sonassi, LDeX, Bytemark plus and Memset. Its products include CloudSure Hosting Solutions, Managed Services, Storage, Network and Control Panel. The Easyspace segment provides products to the micro and SME markets including domain names, shared, dedicated and virtual servers and email services.

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