Iomart Group Plc 37.0% potential upside indicated by Numis

Iomart Group Plc with ticker (LON:IOM) now has a potential upside of 37.0% according to Numis.



Numis set a target price of 185 GBX for the company, which when compared to the Iomart Group Plc share price of 135 GBX at opening today (12/04/2024) indicates a potential upside of 37.0%. Trading has ranged between 120 (52 week low) and 194 (52 week high) with an average of 92,371 shares exchanging hands daily. The market capitalisation at the time of writing is £150,348,938.

iomart group PLC is a United Kingdom-based cloud computing company. The Company operates as a cloud computing and information technology (IT) managed services business that is engaged in providing hybrid cloud infrastructure, network connectivity, security, and digital workplace capability. The Company’s segments include Cloud Services and Easyspace. Its Cloud Services segment provides managed cloud computing facilities and services, through a network of owned data centers, to small and medium enterprises (SME) and corporate markets. The segment uses several routes to market, including iomart Cloud, Infrastructure as a Service (IaaS), Rapidswitch, Cristie Data, Sonassi, LDeX, Bytemark, Memset, ORIIUM, Pavilion IT and P2. Its Easyspace segment provides a range of shared hosting and domain registration services to micro and SME companies. Its solutions include Hybrid Cloud, Data Management, Secure Connectivity, Digital Workplace and Managed Security.