Could Redcentric PLC Recover After Today’s Huge Decline?

 Could Redcentric PLC Recover After Today's Huge Decline?

The stock of Redcentric PLC (LON:RCN) is a huge mover today! The stock increased 4.94% or GBX 4 on November 22, hitting GBX 85. About 3.17M shares traded hands. Redcentric PLC (LON:RCN) has declined 56.68% since April 22, 2016 and is downtrending. It has underperformed by 61.24% the S&P500.
The move comes after 8 months negative chart setup for the GBX 124.93 million company. It was reported on Nov, 22 by We have GBX 77.35 PT which if reached, will make LON:RCN worth GBX 11.24M less.

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 35 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Numis Securities maintained the shares of RCN in a report on Thursday, September 29 with “Buy” rating. The stock has “Corporate” rating given by FinnCap on Tuesday, October 25. FinnCap maintained it with “Corporate” rating and GBX 245 target price in Wednesday, February 3 report. The rating was maintained by N+1 Singer on Monday, September 26 with “Buy”. The company was maintained on Wednesday, May 4 by FinnCap. The stock of Redcentric PLC (LON:RCN) earned “Buy” rating by Numis Securities on Friday, January 29. FinnCap maintained Redcentric PLC (LON:RCN) rating on Tuesday, November 3. FinnCap has “Corporate” rating and GBX 205 price target. Peel Hunt maintained the stock with “Buy” rating in Thursday, April 28 report. The stock of Redcentric PLC (LON:RCN) has “Buy” rating given on Thursday, September 29 by Peel Hunt. As per Monday, August 15, the company rating was maintained by FinnCap.

Another recent and important Redcentric PLC (LON:RCN) news was published by Fool.Co.Uk which published an article titled: “Now is not the time to buy Redcentric PLC” on November 08, 2016.

Redcentric plc is a holding company

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