Concurrent Technologies (LON:CNC) Receives Buy Rating from Berenberg Bank

Concurrent Technologies (LON:CNC)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a note issued to investors on Tuesday,London Stock Exchange reports. They presently have a GBX 275 price objective on the technology company’s stock. Berenberg Bank’s target price would indicate a potential upside of 11.29% from the stock’s current price.

Separately, Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 250 target price on shares of Concurrent Technologies in a research note on Wednesday, April 15th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 262.50.

Concurrent Technologies Stock Down 3.1%

Shares of LON:CNC opened at GBX 247.11 on Tuesday. The firm has a market capitalization of £224.48 million, a PE ratio of 44.29 and a beta of 1.30. Concurrent Technologies has a 1 year low of GBX 170 and a 1 year high of GBX 280. The company has a debt-to-equity ratio of 4.84, a current ratio of 3.64 and a quick ratio of 1.86. The firm’s 50-day moving average is GBX 256.47 and its two-hundred day moving average is GBX 240.65.

Concurrent Technologies (LON:CNC) last posted its quarterly earnings data on Monday, April 13th. The technology company reported GBX 5.86 EPS for the quarter. Concurrent Technologies had a net margin of 11.03% and a return on equity of 11.85%. The business had revenue of GBX 4,587 million during the quarter. Analysts predict that Concurrent Technologies will post 6.1015119 EPS for the current year.

About Concurrent Technologies

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.