Tracsis (LON:TRCS) Price Target Raised to GBX 575

Tracsis (LON:TRCS) had its price objective boosted by Berenberg Bank from GBX 550 to GBX 575 in a research note published on Wednesday morning,Digital Look reports. They currently have a buy rating on the stock.

Tracsis Price Performance

Shares of TRCS opened at GBX 340.10 on Wednesday. Tracsis has a 12 month low of GBX 280 and a 12 month high of GBX 435. The company has a debt-to-equity ratio of 6.14, a current ratio of 1.90 and a quick ratio of 0.97. The stock has a fifty day moving average price of GBX 331 and a 200 day moving average price of GBX 325.48. The company has a market cap of £101.27 million, a P/E ratio of 105.95 and a beta of 0.63.

Tracsis (LON:TRCS) last posted its earnings results on Tuesday, April 28th. The company reported GBX 10.42 earnings per share (EPS) for the quarter. Tracsis had a return on equity of 1.51% and a net margin of 1.16%.The company had revenue of GBX 3,893 million for the quarter. On average, research analysts forecast that Tracsis will post 38.5149202 earnings per share for the current year.

Tracsis Company Profile

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.