Trading Report: Today, N+1 Singer Reiterates “Under Review” Rating for Redcentric PLC (RCN)

Today, N+1 Singer Reiterates “Under Review” Rating for Redcentric PLC (RCN)

Redcentric PLC (LON:RCN)‘s stock had its “under review” rating reaffirmed by N+1 Singer in a research note issued to investors on Monday.

A number of other research analysts also recently commented on RCN. FinnCap reaffirmed a “corporate” rating and set a GBX 245 ($3.06) price objective on shares of Redcentric PLC in a research note on Monday, August 15th. Peel Hunt reissued a “buy” rating and set a GBX 230 ($2.87) target price on shares of Redcentric PLC in a research report on Thursday, September 29th. Finally, Numis Securities Ltd reissued a “buy” rating and set a GBX 220 ($2.75) target price on shares of Redcentric PLC in a research report on Thursday, September 29th. Two research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of GBX 227 ($2.84).

Redcentric PLC (LON:RCN) traded up 0.84% during mid-day trading on Monday, reaching GBX 90.00. 2,621,638 shares of the company’s stock were exchanged. Redcentric PLC has a 52 week low of GBX 40.00 and a 52 week high of GBX 203.25. The company’s market capitalization is GBX 131.29 million. The company’s 50 day moving average price is GBX 126.62 and its 200-day moving average price is GBX 166.22.

In related news, insider Fisher,Fraser sold 285,000 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of GBX 182 ($2.27), for a total transaction of £518,700 ($648,050.97).

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