Redcentric PLC (LON:RCN)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a report issued on Thursday. They currently have a GBX 230 ($3.00) target price on the stock. Peel Hunt’s price target points to a potential upside of 26.90% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the stock. N+1 Singer reiterated a “buy” rating and set a GBX 215 ($2.81) price target on shares of Redcentric PLC in a report on Monday. SP Angel reiterated a “buy” rating and set a GBX 225 ($2.94) price target on shares of Redcentric PLC in a report on Monday, June 20th. FinnCap reiterated a “corporate” rating and set a GBX 245 ($3.20) price target on shares of Redcentric PLC in a report on Monday. Finally, Numis Securities Ltd reiterated a “buy” rating and set a GBX 220 ($2.87) price target on shares of Redcentric PLC in a report on Thursday, June 16th. Four equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of GBX 227 ($2.96).
Shares of Redcentric PLC (LON:RCN) opened at 181.25 on Thursday. The stock’s market capitalization is GBX 264.41 million. The company has a 50-day moving average price of GBX 181.46 and a 200 day moving average price of GBX 182.82. Redcentric PLC has a 52 week low of GBX 150.00 and a 52 week high of GBX 203.25.
In related news, insider Fisher,Fraser sold 285,000 shares of the stock in a transaction that occurred on 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).
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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