Redcentric has released interims showing continuation of the high-quality performance trends which have described the company’s track record: 8% organic revenue growth; 81% recurring revenue which is growing at 12%; gross margin expansion (+7%) and EBITDA margin expansion (+0.3%); and strong cash generation. Results are in line with expectations. With the demonstration of continuing high-quality performance and growth, we lift our 12-month target price to 245p, equivalent to 10x EV/Trad ....