Redcentric PLC (RCN) Given “Buy” Rating at Numis Securities Ltd
Numis Securities Ltd reissued their buy rating on shares of Redcentric PLC (LON:RCN) in a research report report published on Thursday. Numis Securities Ltd currently has a GBX 220 ($2.87) target price on the stock.
Several other research analysts also recently commented on the company. Peel Hunt reissued a buy rating and issued a GBX 230 ($3.00) price objective on shares of Redcentric PLC in a research note on Thursday. N+1 Singer reissued a buy rating and issued a GBX 215 ($2.81) price objective on shares of Redcentric PLC in a research note on Monday. FinnCap reissued a corporate rating and issued a GBX 245 ($3.20) price objective on shares of Redcentric PLC in a research note on Monday. Finally, SP Angel reissued a buy rating and issued a GBX 225 ($2.94) price objective 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 presently has a consensus rating of Buy and an average target price of GBX 227 ($2.96).
Redcentric PLC (LON:RCN) opened at 177.75 on Thursday. The stock’s market capitalization is GBX 259.30 million. The company has a 50 day moving average of GBX 181.50 and a 200-day moving average of GBX 182.85. Redcentric PLC has a 12-month low of GBX 150.00 and a 12-month high of GBX 203.25.
In other Redcentric PLC 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 value 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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