Several other research firms have also weighed in on RCN. Peel Hunt reaffirmed a buy rating and issued a GBX 230 ($3.00) target price on shares of Redcentric PLC in a report on Wednesday, June 1st. FinnCap reaffirmed a corporate rating and issued a GBX 245 ($3.20) target price on shares of Redcentric PLC in a report on Thursday, June 16th. Numis Securities Ltd reaffirmed a buy rating and issued a GBX 220 ($2.87) target price on shares of Redcentric PLC in a report on Thursday, June 16th. Finally, SP Angel reaffirmed a buy rating and issued a GBX 225 ($2.94) target price on shares of Redcentric PLC in a report on Monday, June 20th. Four research analysts have rated the stock with a buy rating, Redcentric PLC presently has a consensus rating of Buy and a consensus target price of GBX 227 ($2.96).
Shares of Redcentric PLC (LON:RCN) opened at 178.95 on Monday. The firm’s market cap is GBX 261.05 million. The stock’s 50 day moving average is GBX 181.50 and its 200-day moving average is 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 stock in a transaction dated Friday, September 9th. The shares were 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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