Berenberg Bank Forecasts Strong Price Appreciation for Tracsis (LON:TRCS) Stock

Tracsis (LON:TRCS) had its price objective upped by research analysts at Berenberg Bank from GBX 550 to GBX 575 in a research note issued to investors on Wednesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 61.06% from the company’s current price.

Tracsis Stock Performance

LON:TRCS opened at GBX 357 on Wednesday. The business’s fifty day moving average is GBX 331.39 and its 200 day moving average is GBX 324.72. The firm has a market cap of £106.31 million, a price-to-earnings ratio of 111.21 and a beta of 0.63. The company has a debt-to-equity ratio of 6.14, a quick ratio of 0.97 and a current ratio of 1.90. Tracsis has a 52-week low of GBX 280 and a 52-week high of GBX 435.

Tracsis (LON:TRCS) last issued its earnings results on Tuesday, April 28th. The company reported GBX 10.42 EPS for the quarter. Tracsis had a return on equity of 1.51% and a net margin of 1.16%.The business had revenue of GBX 3,893 million during the quarter. Research analysts predict that Tracsis will post 38.5149202 EPS 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.