Tracsis (LON:TRCS) Coverage Initiated by Analysts at Berenberg Bank

Investment analysts at Berenberg Bank assumed coverage on shares of Tracsis (LON:TRCS – Get Rating) in a report released on Friday, LSE.Co.UK reports. The firm set a “buy” rating and a GBX 1,350 ($17.56) price target on the stock. Berenberg Bank’s price target suggests a potential upside of 31.63% from the stock’s current price.

Shares of LON:TRCS opened at GBX 1,025.60 ($13.34) on Friday. Tracsis has a 1-year low of GBX 730 ($9.50) and a 1-year high of GBX 1,115 ($14.51). The company has a debt-to-equity ratio of 3.63, a current ratio of 1.58 and a quick ratio of 1.57. The business has a fifty day moving average price of GBX 963.76 and a 200-day moving average price of GBX 975.16. The company has a market capitalization of £302.52 million and a PE ratio of 131.49.

Tracsis Company Profile (Get Rating)

Tracsis plc, together with its subsidiaries, provides software and hardware products, and consultancy services for the rail industry. The company operates in two segments, Rail Technology and Services; and Data, Analytics, Consultancy & Events. The Rail Technology & Services segment provides a suite of operational software products covering timetabling, resource and rolling stock planning and optimization, real time performance and control, service recovery, retail services, incident management, retail services, and asset management; and infrastructure software services that include safety management, planning and delivery of work, remote condition monitoring and data acquisition, and asset virtualization/intelligent infrastructure/digital railway.

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