iomart Group plc (LON:IOM – Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 110 ($1.45) and last traded at GBX 114 ($1.51), with a volume of 52547 shares changing hands. The stock had previously closed at GBX 115 ($1.52).
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on IOM. Shore Capital reiterated a “buy” rating on shares of iomart Group in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 185 ($2.44) price objective on shares of iomart Group in a research report on Monday, June 10th.
Get Our Latest Analysis on iomart Group
iomart Group Trading Down 0.9 %
About iomart Group
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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