FinnCap Reiterates Corporate Rating for Redcentric PLC (RCN)
Separately, Numis Securities Ltd reiterated a hold rating and set a GBX 87 ($1.14) price objective on shares of Redcentric PLC in a research note on Thursday, October 5th.
Redcentric PLC (LON:RCN) traded down GBX 1.25 ($0.02) during trading hours on Thursday, hitting GBX 81.25 ($1.07). 540,858 shares of the company traded hands, compared to its average volume of 89,686. Redcentric PLC has a twelve month low of GBX 67.25 ($0.88) and a twelve month high of GBX 100 ($1.32).
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In related news, insider Peter Brotherton acquired 20,000 shares of Redcentric PLC stock in a transaction on Wednesday, August 16th. The stock was acquired at an average price of GBX 80 ($1.05) per share, for a total transaction of £16,000 ($21,044.32).
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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