Concurrent Technologies (LON:CNC) Price Target Raised to GBX 320

Concurrent Technologies (LON:CNC) had its price objective raised by Berenberg Bank from GBX 275 to GBX 320 in a research note published on Monday,Digital Look reports. Berenberg Bank currently has a buy rating on the technology company’s stock.

Concurrent Technologies Trading Down 6.2%

CNC opened at GBX 260.20 on Monday. Concurrent Technologies has a fifty-two week low of GBX 173.50 and a fifty-two week high of GBX 286. The company has a debt-to-equity ratio of 6.56, a current ratio of 2.52 and a quick ratio of 1.86. The firm has a market capitalization of £236.37 million, a price-to-earnings ratio of 46.63 and a beta of 1.29. The company’s 50 day moving average price is GBX 256.49 and its two-hundred day moving average price is GBX 244.40.

Concurrent Technologies (LON:CNC) last released its quarterly earnings results on Monday, September 7th. The technology company reported GBX 3.06 earnings per share (EPS) for the quarter. Concurrent Technologies had a net margin of 10.85% and a return on equity of 11.21%. As a group, research analysts predict 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.