Berenberg Bank Begins Coverage on Concurrent Technologies (LON:CNC)

Equities researchers at Berenberg Bank initiated coverage on shares of Concurrent Technologies (LON:CNC) in a research note issued on Wednesday, Marketbeat Ratings reports. The firm set a “buy” rating and a GBX 275 price target on the technology company’s stock. Berenberg Bank’s price objective would indicate a potential upside of 12.70% from the stock’s current price.

Concurrent Technologies Trading Up 7.7%

Shares of LON CNC opened at GBX 244 on Wednesday. The firm has a 50 day moving average price of GBX 231.64 and a two-hundred day moving average price of GBX 214.24. The stock has a market cap of £212.25 million, a P/E ratio of 46.30 and a beta of 0.69. Concurrent Technologies has a 52-week low of GBX 132 and a 52-week high of GBX 268. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.86 and a current ratio of 5.11.

Insider Buying and Selling at Concurrent Technologies

In other news, insider Miles Adcock sold 103,377 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of GBX 242, for a total value of £250,172.34. Also, insider Brent Salgat sold 69,445 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of GBX 217, for a total value of £150,695.65. 12.26% of the stock is owned by company insiders.

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.