FinnCap Reiterates “Corporate” Rating for Redcentric PLC (RCN)
Redcentric PLC (LON:RCN)‘s stock had its “corporate” rating reissued by research analysts at FinnCap in a research report issued to clients and investors on Monday.
Other equities research analysts also recently issued research reports about the company. Peel Hunt reissued a “buy” rating and issued a GBX 230 ($2.87) target price on shares of Redcentric PLC in a report on Thursday, September 29th. N+1 Singer reissued a “buy” rating and issued a GBX 215 ($2.69) target price on shares of Redcentric PLC in a report on Monday, September 26th. Finally, Numis Securities Ltd reissued a “buy” rating and issued a GBX 220 ($2.75) target price on shares of Redcentric PLC in a report on Thursday, September 29th. Two investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of GBX 227 ($2.84).
Shares of Redcentric PLC (LON:RCN) opened at 88.25 on Monday. The stock’s market cap is GBX 128.74 million. The stock’s 50 day moving average is GBX 133.32 and its 200-day moving average is GBX 167.87. Redcentric PLC has a 12-month low of GBX 40.00 and a 12-month high of GBX 203.25.
In other news, insider Fisher,Fraser sold 285,000 shares of Redcentric PLC stock in a transaction on Friday, September 9th. The stock was sold at an average price of GBX 182 ($2.27), for a total transaction of £518,700 ($648,050.97).
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About Redcentric PLC
Redcentric plc is a holding company. The Company is engaged in supply of information technology (IT) managed services. The Company’s segments include Recurring, Services, Product and Central. The Company’s Recurring segment is engaged in the provision of its services to customers under long-term agreements, including data, connectivity, hosting, cloud, and support services.
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