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

Berenberg Bank restated their buy rating on shares of Concurrent Technologies (LON:CNC) in a research note released on Tuesday morning, MarketBeat.com reports. Berenberg Bank currently has a GBX 275 price target on the technology company’s stock.

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

Concurrent Technologies Trading Down 1.0%

LON CNC opened at GBX 250 on Tuesday. Concurrent Technologies has a one year low of GBX 173.50 and a one year high of GBX 280. The company has a 50-day simple moving average of GBX 256.61 and a 200-day simple moving average of GBX 241.24. 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 firm has a market capitalization of £227.10 million, a PE ratio of 44.80 and a beta of 1.30.

Concurrent Technologies (LON:CNC) last released its quarterly earnings data on Monday, April 13th. The technology company reported GBX 5.86 earnings per share for the quarter. The firm had revenue of GBX 4,587 million for the quarter. Concurrent Technologies had a net margin of 11.03% and a return on equity of 11.85%. On average, equities analysts forecast that Concurrent Technologies will post 6.1015119 earnings per share 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.