The stock of Redcentric PLC (LON:RCN) hit a new 52-week low and has GBX 131.13 target or 13.00% below today’s GBX 150.72 share price. The 9 months bearish chart indicates high risk for the GBX 220.29 million company. The 1-year low was reported on Oct, 28 by Barchart.com. If the GBX 131.13 price target is reached, the company will be worth GBX 28.64M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 1.97% or GBX 3.03 on October 28, hitting GBX 150.72. About 984,040 shares traded hands or 172.77% up from the average. Redcentric PLC (LON:RCN) has declined 21.88% since March 31, 2016 and is downtrending. It has underperformed by 26.59% the S&P500.
Redcentric PLC (LON:RCN) Ratings Coverage
Out of 5 analysts covering Redcentric PLC (LON:RCN), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 245 is the highest target while GBX 205 is the lowest. The GBX 224 average target is 48.62% above today’s (GBX 150.72) stock price. Redcentric PLC has been the topic of 31 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Numis Securities on Friday, January 29. As per Tuesday, October 25, the company rating was maintained by FinnCap. The firm earned “Buy” rating on Monday, November 9 by N+1 Singer. The stock of Redcentric PLC (LON:RCN) earned “Corporate” rating by FinnCap on Tuesday, July 26. The stock has “Buy” rating given by Peel Hunt on Thursday, June 16. As per Wednesday, July 29, the company rating was initiated by SP Angel. The rating was maintained by FinnCap with “Corporate” on Thursday, June 16. The company was maintained on Thursday, March 31 by FinnCap. FinnCap maintained the stock with “Corporate” rating in Friday, January 29 report. Peel Hunt maintained Redcentric PLC (LON:RCN) rating on Thursday, April 28. Peel Hunt has “Buy” rating and GBX 230 price target.
Another recent and important Redcentric PLC (LON:RCN) news was published by Fool.Co.Uk which published an article titled: “Will Tesco plc, Park Group plc and Redcentric plc rise or fall by 20%?” on May 20, 2016.
Redcentric plc is a holding company
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