Could Redcentric PLC Change Direction After Today’s Huge Increase?

 Could Redcentric PLC Change Direction After Today's Huge Increase?

The stock of Redcentric PLC (LON:RCN) is a huge mover today! The stock closed at GBX 69 during the last session. It is up 62.80% since April 11, 2016 and is downtrending. It has underperformed by 67.59% the S&P500.
The move comes after 7 months positive chart setup for the GBX 135.86 million company. It was reported on Nov, 9 by Barchart.com. We have GBX 161.46 PT which if reached, will make LON:RCN worth GBX 182.05 million more.

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. Redcentric PLC has been the topic of 34 analyst reports since July 29, 2015 according to StockzIntelligence Inc. FinnCap maintained Redcentric PLC (LON:RCN) rating on Wednesday, September 30. FinnCap has “Corporate” rating and GBX 205 price target. The stock has “Buy” rating given by Numis Securities on Thursday, March 31. The rating was maintained by Peel Hunt with “Buy” on Monday, June 20. FinnCap maintained it with “Corporate” rating and GBX 245 target price in Wednesday, February 3 report. The company was maintained on Monday, September 26 by FinnCap. FinnCap maintained Redcentric PLC (LON:RCN) on Monday, November 9 with “Corporate” rating. The firm earned “Buy” rating on Thursday, September 29 by Peel Hunt. FinnCap maintained the shares of RCN in a report on Thursday, June 16 with “Corporate” rating. FinnCap maintained Redcentric PLC (LON:RCN) on Tuesday, November 3 with “Corporate” rating. Numis Securities maintained it with “Buy” rating and GBX 220 target price in Thursday, June 16 report.

Redcentric plc is a holding company

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