Redcentric PLC (RCN) Receives “Corporate” Rating from FinnCap

FinnCap reissued their corporate rating on shares of Redcentric PLC (LON:RCN) in a research report released on Monday.

Several other research analysts have also recently issued reports on RCN. Numis Securities Ltd reaffirmed an under review rating on shares of Redcentric PLC in a report on Wednesday, December 14th. Peel Hunt reaffirmed an under review rating on shares of Redcentric PLC in a report on Thursday, January 19th. One analyst has rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of GBX 227 ($2.85).

Redcentric PLC (LON:RCN) opened at 87.75 on Monday. The stock’s market capitalization is GBX 129.14 million. Redcentric PLC has a 52-week low of GBX 40.00 and a 52-week high of GBX 203.25. The firm has a 50-day moving average price of GBX 87.76 and a 200 day moving average price of GBX 110.18.

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In other news, insider Fraser Fisher acquired 16,250 shares of the stock in a transaction on Tuesday, January 3rd. The shares were purchased at an average cost of GBX 92 ($1.16) per share, for a total transaction of £14,950 ($18,788.49).

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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