Numis Securities Ltd Reiterates “Buy” Rating for Redcentric PLC (RCN)
Redcentric PLC (LON:RCN)‘s stock had its “buy” rating restated by analysts at Numis Securities Ltd in a research note issued to investors on Thursday. They currently have a GBX 220 ($2.87) price objective on the stock. Numis Securities Ltd’s target price indicates a potential upside of 23.60% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the stock. SP Angel reiterated a “buy” rating and set a GBX 225 ($2.94) target price on shares of Redcentric PLC in a research report on Monday, June 20th. FinnCap reiterated a “corporate” rating and set a GBX 245 ($3.20) target price on shares of Redcentric PLC in a research report on Tuesday, July 26th. Peel Hunt reiterated a “buy” rating and set a GBX 230 ($3.00) target price on shares of Redcentric PLC in a research report on Thursday. Finally, N+1 Singer reiterated a “buy” rating and set a GBX 215 ($2.81) target price on shares of Redcentric PLC in a research report on Monday, September 26th. Four equities research analysts have rated the stock with a buy rating, Redcentric PLC presently has a consensus rating of “Buy” and a consensus price target of GBX 227 ($2.96).
Shares of Redcentric PLC (LON:RCN) opened at 178.50 on Thursday. Redcentric PLC has a 12-month low of GBX 150.00 and a 12-month high of GBX 203.25. The company has a 50 day moving average of GBX 181.24 and a 200-day moving average of GBX 182.77. The company’s market capitalization is GBX 260.40 million.
In other Redcentric PLC news, insider Fisher,Fraser sold 285,000 shares of the stock in a transaction dated 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).
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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