TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Iomart Group plc ( (GB:IOM) ) just unveiled an update.
Iomart Group plc reported a 25% increase in revenue to £77.7 million for the first half of FY26, driven by the acquisition of Atech, despite a decline in organic revenue due to customer churn. The company is undergoing a strategic realignment to enhance operational efficiency and expand its capabilities in high-growth areas like managed security, with a focus on cost optimization and strengthening its core business units.
The most recent analyst rating on (GB:IOM) stock is a Hold with a £24.50 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.
Iomart Group plc’s overall stock score is primarily impacted by its poor financial performance, with significant declines in profitability and increased financial leverage. While technical indicators show short-term bullish momentum, the negative P/E ratio and high dividend yield present valuation challenges. The absence of earnings call and corporate events data limits additional insights.
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, focusing on cloud infrastructure, modern workplace management, and managed security services. The company is known for its extensive Microsoft credentials and partnerships with other major technology providers, serving primarily the UK market.
Average Trading Volume: 351,738
Technical Sentiment Signal: Sell
Current Market Cap: £29.49M
See more insights into IOM stock on TipRanks’ Stock Analysis page.