Concurrent Technologies (LON:CNC) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Concurrent Technologies (LON:CNC) had its target price upped by analysts at Berenberg Bank from GBX 275 to GBX 320 in a note issued to investors on Monday, Digital Look reports. The firm currently has a “buy” rating on the technology company’s stock. Berenberg Bank’s target price would indicate a potential upside of 17.00% from the stock’s current price.

Concurrent Technologies Stock Performance

LON:CNC opened at GBX 273.50 on Monday. 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 has a market capitalization of £248.45 million, a price-to-earnings ratio of 49.01 and a beta of 1.30. The company’s 50-day moving average is GBX 256.01 and its two-hundred day moving average is GBX 244.34. Concurrent Technologies has a 1-year low of GBX 173.50 and a 1-year high of GBX 286.

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