Redcentric PLC (LON:RCN)‘s stock had its “buy” rating reiterated by Numis Securities Ltd in a research report issued to clients and investors on Thursday. They currently have a GBX 220 ($2.87) price objective on the stock. Numis Securities Ltd’s target price indicates a potential upside of 21.38% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the stock. Peel Hunt restated a “buy” rating and issued a GBX 230 ($3.00) target price on shares of Redcentric PLC in a report on Thursday. N+1 Singer restated a “buy” rating and issued a GBX 215 ($2.81) target price on shares of Redcentric PLC in a report on Monday. SP Angel restated a “buy” rating and issued a GBX 225 ($2.94) target price on shares of Redcentric PLC in a report on Monday, June 20th. Finally, FinnCap restated a “corporate” rating and issued a GBX 245 ($3.20) target price on shares of Redcentric PLC in a report on Tuesday, July 26th. Three research analysts have rated the stock with a buy rating, Redcentric PLC currently has a consensus rating of “Buy” and an average target price of GBX 227 ($2.96).
Redcentric PLC (LON:RCN) opened at 181.00 on Thursday. Redcentric PLC has a 52-week low of GBX 150.00 and a 52-week high of GBX 203.25. The company has a 50-day moving average price of GBX 181.46 and a 200 day moving average price of GBX 182.82. The company’s market capitalization is GBX 264.04 million.
In related news, insider Fisher,Fraser sold 285,000 shares of the stock in a transaction dated Friday, September 9th. The shares were sold at an average price of GBX 182 ($2.38), for a total value of £518,700 ($677,065.66).
Redcentric PLC Company Profile
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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