Concurrent Technologies (LON:CNC) Earns “Buy” Rating from Berenberg Bank

Concurrent Technologies (LON:CNC)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a research 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 suggests a potential upside of 11.29% from the stock’s previous close.

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

Concurrent Technologies Stock Performance

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

Concurrent Technologies (LON:CNC) last posted its quarterly earnings results on Monday, April 13th. The technology company reported GBX 5.86 earnings per share 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. On average, research analysts anticipate that Concurrent Technologies will post 6.1015119 earnings per share 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.