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An update from Iomart Group plc ( (GB:IOM) ) is now available.
Iomart Group plc has announced the appointment of Grant Thornton UK LLP as its new auditor following a competitive tender process, effective from December 1, 2025, for the year ending March 31, 2026. This change comes after Deloitte LLP, the previous auditors for six years, resigned at the Board’s request. The new appointment is subject to shareholder approval at the 2026 Annual General Meeting, and the transition reflects Iomart’s commitment to maintaining robust financial oversight.
The most recent analyst rating on (GB:IOM) stock is a Hold with a £21.50 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.
The overall stock score is primarily impacted by significant financial challenges, including declining profitability and increased leverage. Technical analysis provides mixed signals, with some potential for upward movement. The high dividend yield offers some appeal, but the negative P/E ratio reflects underlying financial difficulties.
To see Spark’s full report on GB:IOM stock, click here.
More about Iomart Group plc
Iomart Group plc operates in the secure cloud services industry, providing cloud computing solutions to businesses. The company focuses on delivering secure and reliable cloud services to its clients.
Average Trading Volume: 358,356
Technical Sentiment Signal: Sell
Current Market Cap: £25.09M
For a thorough assessment of IOM stock, go to TipRanks’ Stock Analysis page.