Tracsis’ (TRCS) Buy Rating Reaffirmed at Berenberg Bank

Tracsis (LON:TRCS)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research report issued on Thursday,London Stock Exchange reports. They currently have a GBX 550 target price on the stock. Berenberg Bank’s target price would indicate a potential upside of 75.16% from the stock’s current price.

Tracsis Trading Up 2.1%

Shares of LON:TRCS traded up GBX 6.50 during midday trading on Thursday, hitting GBX 314. 635,457 shares of the stock were exchanged, compared to its average volume of 117,152. The stock has a market capitalization of £93.46 million, a price-to-earnings ratio of 185.80 and a beta of 0.49. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.98 and a current ratio of 1.74. The business’s 50-day moving average price is GBX 318.72 and its 200 day moving average price is GBX 334.21. Tracsis has a 12 month low of GBX 280 and a 12 month high of GBX 520.

Tracsis (LON:TRCS) last issued its quarterly earnings data on Monday, February 16th. The company reported GBX 25.20 earnings per share (EPS) for the quarter. Tracsis had a net margin of 0.63% and a return on equity of 0.78%. Analysts predict that Tracsis will post 38.5149202 earnings per share for the current year.

About Tracsis

Tracsis plc is a technology company and a leading provider of software and hardware products, data capture and data analytics/GIS services for the rail, traffic data and wider transport industries.

Tracsis’s products and services are widely used to increase efficiency, reduce cost and risk, improve operational and asset performance, improve safety management and decision making capabilities and improve the overall end-user experience for clients and customers.

The Group is split into two principal operating areas built around detailed industry knowledge and expertise:

Rail Technology & Services: A software, technology and product led business.