Other analysts have also recently issued reports about the stock. Numis Securities Ltd reissued a buy rating and set a GBX 220 ($2.68) price objective on shares of Redcentric PLC in a research note on Thursday, September 29th. Peel Hunt reissued a buy rating and set a GBX 230 ($2.80) price objective on shares of Redcentric PLC in a research note on Thursday, September 29th. Finally, N+1 Singer reissued a buy rating and set a GBX 215 ($2.62) price objective on shares of Redcentric PLC in a research note on Monday, September 26th. Four analysts have rated the stock with a buy rating, Redcentric PLC presently has an average rating of Buy and an average price target of GBX 227 ($2.77).
Shares of Redcentric PLC (LON:RCN) traded up 0.32% during trading on Tuesday, hitting GBX 156.00. The company’s stock had a trading volume of 1,500,733 shares. The company has a 50-day moving average price of GBX 173.82 and a 200-day moving average price of GBX 178.96. Redcentric PLC has a one year low of GBX 150.00 and a one year high of GBX 203.25. The stock’s market cap is GBX 227.57 million.
In related news, insider Fisher,Fraser sold 285,000 shares of the company’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of GBX 182 ($2.22), for a total transaction of £518,700 ($632,175.50).
Redcentric PLC Company Profile
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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