Berenberg Bank Reaffirms Buy Rating for Tracsis (LON:TRCS)

Tracsis (LON:TRCS)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a research report issued to clients and investors on Thursday,London Stock Exchange reports. They presently have a GBX 550 price objective on the stock. Berenberg Bank’s target price points to a potential upside of 75.16% from the company’s previous close.

Tracsis Price Performance

LON:TRCS opened at GBX 314 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.74 and a debt-to-equity ratio of 4.07. The business’s 50-day moving average price is GBX 319.43 and its 200 day moving average price is GBX 333.33. Tracsis has a 52-week low of GBX 280 and a 52-week high of GBX 520. The firm has a market cap of £93.46 million, a P/E ratio of 185.80 and a beta of 0.49.

Tracsis (LON:TRCS) last issued its quarterly earnings results on Monday, February 16th. The company reported GBX 25.20 earnings per share for the quarter. Tracsis had a net margin of 0.63% and a return on equity of 0.78%. As a group, sell-side analysts predict that Tracsis will post 38.5149202 earnings per share for the current fiscal 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.