Stifel Nicolaus Reaffirms “Buy” Rating for Concurrent Technologies (LON:CNC)

Concurrent Technologies (LON:CNC)‘s stock had its “buy” rating reissued by Stifel Nicolaus in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 250 price target on the technology company’s stock. Stifel Nicolaus’ price target points to a potential upside of 17.10% from the company’s previous close.

Separately, Berenberg Bank assumed coverage on Concurrent Technologies in a research report on Wednesday, January 21st. They set a “buy” rating and a GBX 275 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 262.50.

Concurrent Technologies Trading Up 3.6%

Concurrent Technologies stock opened at GBX 213.50 on Wednesday. The stock has a market cap of £185.72 million, a PE ratio of 40.51 and a beta of 1.19. The stock has a 50-day moving average price of GBX 229.72 and a 200 day moving average price of GBX 232.59. Concurrent Technologies has a 52 week low of GBX 158 and a 52 week high of GBX 278. The company has a current ratio of 3.64, a quick ratio of 1.86 and a debt-to-equity ratio of 4.84.

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. The firm had revenue of GBX 4,587 million during the quarter. Concurrent Technologies had a return on equity of 11.85% and a net margin of 11.03%. Equities research analysts predict that Concurrent Technologies will post 6.1015119 earnings per share for the current fiscal 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.