Redcentric PLC’s (LON:RCN) Hold Rating Reaffirmed at Numis Securities Ltd

Numis Securities Ltd reiterated their hold rating on shares of Redcentric PLC (LON:RCN) in a research report sent to investors on Thursday, October 5th. Numis Securities Ltd currently has a GBX 87 ($1.16) price objective on the stock.

A number of other equities research analysts also recently commented on RCN. FinnCap reiterated a corporate rating and issued a GBX 117 ($1.55) price objective on shares of Redcentric PLC in a report on Thursday, June 29th. N+1 Singer reiterated an under review rating on shares of Redcentric PLC in a report on Thursday, June 29th.

Redcentric PLC (LON RCN) opened at 79.00 on Thursday. Redcentric PLC has a 52 week low of GBX 40.00 and a 52 week high of GBX 165.00. The company’s 50-day moving average price is GBX 79.49 and its 200 day moving average price is GBX 82.48. The company’s market cap is GBX 117.60 million.

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In other Redcentric PLC news, insider Peter Brotherton bought 20,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was purchased at an average cost of GBX 80 ($1.06) per share, with a total value of £16,000 ($21,259.63).

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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