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Iomart Group plc ( (GB:IOM) ) has issued an update.
Iomart Group plc announced the departure of CEO Lucy Dimes, who played a key role in repositioning the company to better address opportunities in the Public and Private Cloud and Security markets. Richard Last, the current Chair, will assume the role of Executive Chair while a new CEO is appointed, supported by key members of the leadership team. The company confirmed no material change in trading since its last update and plans to release full-year results in late June 2025.
The most recent analyst rating on (GB:IOM) stock is a Hold with a £160.00 price target. To see the full list of analyst forecasts on Iomart Group plc stock, see the GB:IOM Stock Forecast page.
Spark’s Take on GB:IOM Stock
According to Spark, TipRanks’ AI Analyst, GB:IOM is a Neutral.
Iomart Group plc’s stock shows strong financial performance and attractive valuation, indicating potential for growth and income. However, the bearish technical indicators suggest caution in the short term, as the stock may face downward pressure. The recent strategic brand unification under ‘Atech’ is a positive step towards strengthening market presence.
To see Spark’s full report on GB:IOM stock, click here.
More about Iomart Group plc
Iomart Group plc is a leading UK provider of secure cloud managed services, offering solutions in cloud infrastructure, modern workplace management, and managed security services. The company is recognized for its extensive Microsoft credentials and partnerships, enabling it to deliver advanced technologies in hybrid cloud, data protection, and cyber resiliency.
Average Trading Volume: 322,582
Technical Sentiment Signal: Sell
Current Market Cap: £33.8M
For an in-depth examination of IOM stock, go to TipRanks’ Stock Analysis page.