Redcentric’s (RCN) “Under Review” Rating Reiterated at N+1 Singer
Other equities research analysts have also issued reports about the company. Numis Securities reaffirmed a hold rating and set a GBX 87 ($1.17) target price on shares of Redcentric in a research report on Wednesday. FinnCap lifted their target price on Redcentric from GBX 117 ($1.57) to GBX 125 ($1.67) and gave the company a corporate rating in a research report on Wednesday.
Shares of Redcentric (LON RCN) remained flat at $GBX 87 ($1.17) during mid-day trading on Wednesday. The company had a trading volume of 10,508 shares, compared to its average volume of 194,656. Redcentric has a twelve month low of GBX 67.25 ($0.90) and a twelve month high of GBX 100 ($1.34).
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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