Numis Securities Ltd reissued their buy rating on shares of Redcentric PLC (LON:RCN) in a report issued on Thursday morning. Numis Securities Ltd currently has a GBX 220 ($2.87) price objective on the stock.
Several other research analysts have also commented on the company. Peel Hunt reiterated a buy rating and set a GBX 230 ($3.00) price target on shares of Redcentric PLC in a report on Thursday, September 29th. 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, September 26th. FinnCap reiterated a corporate rating and set a GBX 245 ($3.20) price target on shares of Redcentric PLC in a report on Monday, September 26th. Finally, 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. Four equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus price target of GBX 227 ($2.96).
Shares of Redcentric PLC (LON:RCN) opened at 177.00 on Thursday. Redcentric PLC has a 12-month low of GBX 150.00 and a 12-month high of GBX 203.25. The company’s market capitalization is GBX 258.21 million. The stock has a 50 day moving average of GBX 181.16 and a 200-day moving average of GBX 182.40.
In related news, insider Fisher,Fraser sold 285,000 shares of the business’s 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).
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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