The stock of Redcentric PLC (LON:RCN) hit a new 52-week low and has GBX 60.28 target or 14.00% below today’s GBX 70.09 share price. The 6 months bearish chart indicates high risk for the GBX 43.49M company. The 1-year low was reported on Nov, 8 by Barchart.com. If the GBX 60.28 price target is reached, the company will be worth GBX 6.09 million 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 increased 10.81% or GBX 6.84 on November 8, hitting GBX 70.09. About 19.80 million shares traded hands or 4492.91% up from the average. Redcentric PLC (LON:RCN) has declined 66.09% since April 8, 2016 and is downtrending. It has underperformed by 68.04% the S&P500.
Redcentric PLC (LON:RCN) Ratings Coverage
Out of 5 analysts covering Redcentric PLC (LON:RCN), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. GBX 245 is the highest target while GBX 205 is the lowest. The GBX 224 average target is 219.59% above today’s (GBX 70.09) stock price. Redcentric PLC has been the topic of 34 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Corporate” rating given on Wednesday, May 4 by FinnCap. The company was maintained on Thursday, April 28 by Peel Hunt. The stock of Redcentric PLC (LON:RCN) has “Corporate” rating given on Tuesday, July 26 by FinnCap. On Thursday, September 29 the stock rating was maintained by N+1 Singer with “Buy”. The company was maintained on Monday, August 15 by FinnCap. The firm has “Corporate” rating by FinnCap given on Monday, November 9. N+1 Singer maintained Redcentric PLC (LON:RCN) rating on Monday, September 26. N+1 Singer has “Buy” rating and GBX 215 price target. SP Angel initiated Redcentric PLC (LON:RCN) rating on Wednesday, July 29. SP Angel has “Buy” rating and GBX 210 price target. The rating was maintained by Numis Securities on Thursday, March 31 with “Buy”. The rating was maintained by Numis Securities on Friday, January 29 with “Buy”.
Redcentric plc is a holding company