Concurrent Technologies’ (CNC) Buy Rating Reiterated at Berenberg Bank

Concurrent Technologies (LON:CNC)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research report issued on Friday,Digital Look reports. They currently have a GBX 275 price objective on the technology company’s stock. Berenberg Bank’s price objective would indicate a potential upside of 19.57% from the company’s current price.

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

Concurrent Technologies Stock Up 1.1%

CNC stock opened at GBX 230 on Friday. Concurrent Technologies has a one year low of GBX 170 and a one year high of GBX 278. The stock has a market capitalization of £200.07 million, a PE ratio of 43.64 and a beta of 1.19. 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 company has a fifty day moving average of GBX 222.37 and a 200-day moving average of GBX 232.64.

Concurrent Technologies (LON:CNC) last released its earnings results 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 company had revenue of GBX 4,587 million during the quarter. As a group, analysts expect 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.