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

Key Points

• Berenberg Bank reiterated a “buy” rating on Tracsis with a GBX 550 price target, implying about a 70.5% upside from the current price (around GBX 322.55).
• Tracsis reported GBX 10.42 EPS for the quarter and revenue of GBX 3,893 million, while analysts forecast roughly GBX 38.51 EPS for the full year.
• The company has a market cap of £96.0M, a high PE of 190.9, a low net margin of 0.63% and a debt-to-equity ratio of 4.07, indicating thin profitability and significant leverage.

Tracsis (LON:TRCS - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Berenberg Bank in a research report issued on Tuesday,Digital Look reports. They presently have a GBX 550 price objective on the stock. Berenberg Bank's price target would suggest a potential upside of 70.52% from the company's current price.

Tracsis Stock Performance

TRCS stock opened at GBX 322.55 on Tuesday. The firm has a market cap of £96.00 million, a PE ratio of 190.86 and a beta of 0.62. The company has a current ratio of 1.74, a quick ratio of 0.98 and a debt-to-equity ratio of 4.07. The stock has a 50-day moving average price of GBX 316.77 and a 200-day moving average price of GBX 322.53. Tracsis has a 1-year low of GBX 280 and a 1-year high of GBX 520.

Tracsis (LON:TRCS - Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported GBX 10.42 EPS for the quarter. Tracsis had a return on equity of 0.78% and a net margin of 0.63%.The business had revenue of GBX 3,893 million during the quarter. As a group, equities research analysts expect 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.

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