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

FinnCap restated their corporate rating on shares of Redcentric PLC (LON:RCN) in a research report sent to investors on Thursday. FinnCap currently has a GBX 117 ($1.54) target price on the stock.

Separately, Numis Securities Ltd reaffirmed a hold rating and issued a GBX 87 ($1.14) target price on shares of Redcentric PLC in a research report on Thursday, October 5th.

Shares of Redcentric PLC (RCN) traded up GBX 2.50 ($0.03) during mid-day trading on Thursday, reaching GBX 82.50 ($1.09). The company had a trading volume of 83,219 shares, compared to its average volume of 87,276. Redcentric PLC has a 52-week low of GBX 67.25 ($0.88) and a 52-week high of GBX 100 ($1.32).

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In other news, insider Peter Brotherton bought 20,000 shares of Redcentric PLC stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average cost of GBX 80 ($1.05) per share, with a total value of £16,000 ($21,044.32).

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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