Insider Buying: Redcentric PLC (RCN) Insider Purchases 20,000 Shares of Stock

Redcentric PLC (LON:RCN) insider Peter Brotherton acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average cost of GBX 80 ($1.04) per share, with a total value of £16,000 ($20,771.13).

Shares of Redcentric PLC (LON RCN) opened at 77.00 on Friday. The firm’s market capitalization is GBX 114.62 million. Redcentric PLC has a 52-week low of GBX 40.00 and a 52-week high of GBX 190.00. The stock has a 50 day moving average price of GBX 77.00 and a 200-day moving average price of GBX 85.08.

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A number of analysts have recently issued reports on RCN shares. FinnCap reaffirmed a “corporate” rating on shares of Redcentric PLC in a research report on Friday, May 5th. N+1 Singer reaffirmed an “under review” rating on shares of Redcentric PLC in a research report on Thursday, June 29th. Finally, Numis Securities Ltd cut their price objective on Redcentric PLC from GBX 93 ($1.21) to GBX 87 ($1.13) and set a “hold” rating for the company in a research report on Thursday, June 29th.

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.