Peel Hunt Reiterates Buy Rating for Redcentric PLC (RCN)
Redcentric PLC (LON:RCN)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a report released on Thursday. They currently have a GBX 230 ($3.00) target price on the stock. Peel Hunt’s price target would indicate a potential upside of 26.90% from the company’s current price.
RCN has been the subject of several other research reports. FinnCap reaffirmed a “corporate” rating and set a GBX 245 ($3.20) target price on shares of Redcentric PLC in a research note on Monday. N+1 Singer reaffirmed a “buy” rating and set a GBX 215 ($2.81) target price on shares of Redcentric PLC in a research note on Monday. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 220 ($2.87) target price on shares of Redcentric PLC in a research note on Thursday, June 16th. Finally, SP Angel reaffirmed a “buy” rating and set a GBX 225 ($2.94) target price on shares of Redcentric PLC in a research note on Monday, June 20th. Four research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of GBX 227 ($2.96).
Shares of Redcentric PLC (LON:RCN) opened at 181.25 on Thursday. The stock’s market cap is GBX 264.41 million. The company has a 50 day moving average of GBX 181.46 and a 200-day moving average of GBX 182.82. Redcentric PLC has a one year low of GBX 150.00 and a one year high of GBX 203.25.
In other news, insider Fisher,Fraser sold 285,000 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of GBX 182 ($2.38), for a total transaction of £518,700 ($677,065.66).
About Redcentric PLC
Redcentric plc is a provider of information technology managed services. The Company’s segments include Recurring, Services, Product and Central. Its solutions include network, collaboration, infrastructure, applications, security and mobile services. Its network services offers Internet service provider (ISP) with a core multiprotocol label switching network, metro networks and experience in delivering networks for organizations.
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