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An update from Redcentric ( (GB:RCN) ) is now available.
Redcentric plc has announced the exercise of employee share options, resulting in the transfer of 1,873 ordinary shares from Treasury to satisfy the exercise. This adjustment in share capital will affect the company’s issued voting share capital, which now consists of 159,270,352 ordinary shares, impacting how shareholders report their interests under FCA rules.
The most recent analyst rating on (GB:RCN) stock is a Hold with a £125.00 price target. To see the full list of analyst forecasts on Redcentric stock, see the GB:RCN Stock Forecast page.
Spark’s Take on GB:RCN Stock
According to Spark, TipRanks’ AI Analyst, GB:RCN is a Neutral.
Redcentric faces significant challenges with high valuation and weak technical indicators. While there are positive signs in cash flow and some balance sheet improvements, the overall financial performance is hindered by declining revenue and low profitability. The lack of earnings call data and corporate events further limits positive outlooks.
To see Spark’s full report on GB:RCN stock, click here.
More about Redcentric
Redcentric plc is a leading UK IT managed services provider, focusing on delivering comprehensive IT solutions to businesses across various sectors.
Average Trading Volume: 97,421
Technical Sentiment Signal: Sell
Current Market Cap: £189.5M
See more data about RCN stock on TipRanks’ Stock Analysis page.