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Redcentric ( (GB:RCN) ) has issued an announcement.
Redcentric plc announced that Non-Executive Director Oliver Scott has transferred 161,487 ordinary shares out of Kestrel Partners LLP’s discretionary management due to a portfolio rearrangement, though these shares remain with the same beneficial owners. Kestrel Opportunities, in which Mr. Scott has a beneficial interest, continues to hold a significant stake in Redcentric, with Kestrel indirectly controlling approximately 20.47% of the company’s total voting rights, potentially impacting the company’s governance and shareholder dynamics.
The most recent analyst rating on (GB:RCN) stock is a Hold with a £122.00 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’s overall stock score reflects a company undergoing strategic transition. The most significant factor is the financial performance, which shows mixed results with challenges in revenue and profitability. Technical analysis indicates bearish momentum, while valuation suggests potential overvaluation. However, positive corporate events provide a strategic focus that could improve future performance.
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 a range of IT solutions to businesses across various sectors.
Average Trading Volume: 90,916
Technical Sentiment Signal: Hold
Current Market Cap: £195.9M
For detailed information about RCN stock, go to TipRanks’ Stock Analysis page.