Concurrent Technologies Plc (LON:CNC – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 235.94 and traded as high as GBX 258. Concurrent Technologies shares last traded at GBX 250, with a volume of 275,171 shares trading hands.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on CNC shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 250 price objective on shares of Concurrent Technologies in a research note on Wednesday, April 15th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 275 price objective on shares of Concurrent Technologies in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Concurrent Technologies presently has a consensus rating of “Buy” and a consensus price target of GBX 262.50.
Check Out Our Latest Analysis on Concurrent Technologies
Concurrent Technologies Stock Down 3.1%
Concurrent Technologies (LON:CNC – Get Free Report) last posted its earnings results 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%. On average, equities research analysts forecast that Concurrent Technologies Plc 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.
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