Concurrent Technologies' target raised to 302p after record H1 results and strong order growth

Broker Cavendish has raised its price target for Concurrent Technologies to 302p from 256p following the company's record first-half results. Concurrent saw order intake surge about 110% to £46.9 million, driven by strong demand including a major multi-year European contract. Revenue reached £23.2 million, nearly half of the full-year forecast, with a notable turnaround in its Systems division improving gross margin and profitability. Management expects full-year revenue and profit to exceed current forecasts, supporting the broker's maintained buy rating and a projected 14% upside from the current share price of 265p.