Concurrent Technologies (LON:CNC) Given New GBX 320 Price Target at Berenberg Bank

Concurrent Technologies (LON:CNC) had its price objective lifted by analysts at Berenberg Bank from GBX 275 to GBX 320 in a report issued on Monday, Digital Look reports. The brokerage presently has a “buy” rating on the technology company’s stock. Berenberg Bank’s price target suggests a potential upside of 17.00% from the company’s previous close.

Concurrent Technologies Stock Up 4.2%

Concurrent Technologies stock opened at GBX 273.50 on Monday. The company has a market capitalization of £248.45 million, a PE ratio of 49.01 and a beta of 1.30. The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.86 and a current ratio of 3.64. Concurrent Technologies has a fifty-two week low of GBX 173.50 and a fifty-two week high of GBX 286. The firm has a 50 day moving average price of GBX 256.01 and a 200 day moving average price of GBX 244.34.

Concurrent Technologies (LON:CNC) last released its quarterly earnings results on Monday, September 7th. The technology company reported GBX 3.06 EPS for the quarter. Concurrent Technologies had a return on equity of 11.85% and a net margin of 11.03%. Research analysts expect that Concurrent Technologies will post 6.1015119 earnings per share for the current year.

Concurrent Technologies Company Profile

Concurrent Technologies Plc develops and manufactures high-end embedded computer products for use in a wide range of high-performance, long-life cycle applications within the telecommunications, defence, security, telemetry, scientific and aerospace markets, including applications within extremely harsh environments. The processor products feature Intel® processors, including the latest 9th generation embedded Intel® Core™ processors, Intel® Xeon® and Intel® Atom™ processors. The products are designed to be compliant with industry specifications and support many of today’s leading embedded Operating Systems.