Redcentric PLC 26.9% potential upside indicated by Canaccord Genuity

Redcentric PLC with ticker (LON:RCN) now has a potential upside of 26.9% according to Canaccord Genuity.



Canaccord Genuity set a target price of 175 GBX for the company, which when compared to the Redcentric PLC share price of 128 GBX at opening today (25/11/2021) indicates a potential upside of 26.9%. Trading has ranged between 110 (52 week low) and 150 (52 week high) with an average of 133,430 shares exchanging hands daily. The market capitalisation at the time of writing is £200,286,464.

Redcentric plc is a holding company. The Company is engaged in supply of information technology (IT) managed services. The Company’s segments include Recurring, Services, Product and Central. The Company’s Recurring segment is engaged in the provision of its services to customers under long-term agreements, including data, connectivity, hosting, cloud, and support services. The Services segment is engaged in provision of consultancy, or installation services regarding the provision and set-up of a new service. The Product segment is engaged in the sale of third party products, which comprises hardware. Its services include Network Services, Collaboration Services, Infrastructure, Applications Services, Security and Mobile. Through Internet protocol (IP) telephony, messaging and video conferencing, it helps organizations enable communication among their staff. It offers a suite of Cloud services, as well as colocation, data management and virtualization services.