Redknee Solutions Receives Buy Rating from Paradigm Capital (RKN)
Redknee Solutions (TSE:RKN)‘s stock had its “buy” rating reaffirmed by analysts at Paradigm Capital in a research report issued to clients and investors on Friday, Stock Ratings Network reports. They currently have a C$6.00 target price on the stock, down from their previous target price of C$7.00. Paradigm Capital’s target price points to a potential upside of 26.32% from the company’s current price.
Redknee Solutions (TSE:RKN) traded down 2.32% on Friday, hitting $4.64. The stock had a trading volume of 322,781 shares. Redknee Solutions has a 52-week low of $2.50 and a 52-week high of $7.82. The stock has a 50-day moving average of $5.2 and a 200-day moving average of $5.91. The company’s market cap is $443.5 million.
Redknee Solutions (TSE:RKN) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. Analysts expect that Redknee Solutions will post $0.03 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Redknee Solutions in a research note on Friday. They now have a C$7.25 price target on the stock, down previously from C$8.50. Analysts at RBC Capital initiated coverage on shares of Redknee Solutions in a research note on Monday, April 14th. They set a “sector perform” rating on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of C$6.44.
Redknee Solutions Inc (TSE:RKN) is a Canada-based company.
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