Canaccord Genuity Begins Coverage on Redcentric (LON:RCN)
Canaccord Genuity initiated coverage on shares of Redcentric (LON:RCN) in a report issued on Monday, Digital Look reports. The brokerage issued a buy rating and a GBX 195 ($2.55) price target on the stock.
Separately, FinnCap boosted their price objective on shares of Redcentric from GBX 160 ($2.09) to GBX 170 ($2.22) and gave the stock a corporate rating in a research note on Tuesday, July 21st.
LON:RCN opened at GBX 147.50 ($1.93) on Monday. The company has a current ratio of 0.54, a quick ratio of 0.41 and a debt-to-equity ratio of 63.98. The stock has a market capitalization of $228.29 million and a PE ratio of -20.77. The firm’s 50 day moving average is GBX 146.20 and its 200 day moving average is GBX 121.37. Redcentric has a 12 month low of GBX 78.76 ($1.03) and a 12 month high of GBX 158 ($2.06).
Redcentric plc provides IT managed services in the United Kingdom. The company offers applications services, including mainframe software support services and application acceleration services. It also provides collaboration services comprising IP telephony, SIP trunks, unified communications, video conferencing, calls and lines, mobile, and inbound services; and infrastructure services consisting of data management, disaster recovery as a service, hosted desktop, hosting and collocation, hybrid cloud, infrastructure as a service, managed exchange, software as a service, virtualization, and server load balancing services.
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