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Redcentric ( (GB:RCN) ) has issued an update.
Redcentric plc reported a solid performance for the first half of the fiscal year 2026, with revenues of approximately £67 million and an adjusted EBITDA of £9.1 million, both in line with or slightly above management expectations. The company is progressing with the disposal of its Data Centre business, expected to complete in the first quarter of 2026, which aligns with its strategy to focus on higher-margin managed services. The financial results exclude the Data Centre business, which is treated as a discontinued operation.
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 high-quality recurring margin services while maintaining disciplined cost management to create sustainable value for stakeholders.
Average Trading Volume: 82,036
Technical Sentiment Signal: Hold
Current Market Cap: £191.1M
For an in-depth examination of RCN stock, go to TipRanks’ Overview page.