iomart Group (LON:IOM) Upgraded at Numis Securities

iomart Group (LON:IOM - Get Free Report) was upgraded by equities research analysts at Numis Securities to a "buy" rating in a research report issued on Thursday, Marketbeat reports. The firm currently has a GBX 185 ($2.34) target price on the stock. Numis Securities' price objective indicates a potential upside of 35.04% from the company's current price.

Separately, Shore Capital restated a "buy" rating on shares of iomart Group in a report on Thursday.

iomart Group Stock Down 2.5 %

Shares of LON:IOM traded down GBX 3.50 ($0.04) on Thursday, hitting GBX 137 ($1.73). 63,865 shares of the company traded hands, compared to its average volume of 73,603. iomart Group has a 52 week low of GBX 120 ($1.52) and a 52 week high of GBX 193.60 ($2.45). The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 47.97. The stock has a 50 day simple moving average of GBX 142.62 and a 200-day simple moving average of GBX 150.66. The company has a market cap of £153.71 million, a PE ratio of 2,283.33 and a beta of 0.51.

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.