Insider Buying: Redcentric PLC (RCN) Insider Purchases 20,000 Shares of Stock
Redcentric PLC (LON:RCN) insider Steve Vaughan bought 20,000 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was purchased at an average cost of GBX 82 ($1.06) per share, with a total value of £16,400 ($21,243.52).
Redcentric PLC (LON RCN) opened at 78.50 on Wednesday. The stock’s 50 day moving average is GBX 85.86 and its 200 day moving average is GBX 88.00. The stock’s market capitalization is GBX 116.85 million. Redcentric PLC has a 12-month low of GBX 40.00 and a 12-month high of GBX 190.00.
Several research analysts have recently weighed in on RCN shares. FinnCap reissued a “corporate” rating on shares of Redcentric PLC in a report on Monday, March 27th. N+1 Singer reissued an “under review” rating on shares of Redcentric PLC in a report on Thursday, June 29th. Finally, Numis Securities Ltd decreased their price objective on shares of Redcentric PLC from GBX 93 ($1.20) to GBX 87 ($1.13) and set a “hold” rating for the company in a report on Thursday, June 29th.
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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