Redcentric PLC (RCN) Receives Hold Rating from Numis Securities Ltd
Numis Securities Ltd reaffirmed their hold rating on shares of Redcentric PLC (LON:RCN) in a research report report published on Thursday. They currently have a GBX 87 ($1.15) price objective on the stock.
A number of other research firms have also recently issued reports on RCN. FinnCap reaffirmed a corporate rating and issued a GBX 117 ($1.55) price target on shares of Redcentric PLC in a report on Thursday, June 29th. N+1 Singer reaffirmed an under review rating on shares of Redcentric PLC in a report on Thursday, June 29th.
Shares of Redcentric PLC (LON RCN) opened at 82.00 on Thursday. The firm has a 50-day moving average of GBX 79.52 and a 200-day moving average of GBX 82.83. Redcentric PLC has a 52-week low of GBX 40.00 and a 52-week high of GBX 168.50. The company’s market cap is GBX 122.06 million.
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In related news, insider Peter Brotherton purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average price of GBX 80 ($1.06) per share, with a total value of £16,000 ($21,222.97).
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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