Tracsis (LON:TRCS) Receives Buy Rating from Berenberg Bank

Key Points

• Research analysts at Berenberg Bank have reaffirmed a "buy" rating for Tracsis (LON:TRCS), setting a price target of GBX 550, which suggests a potential upside of 46.67%.
• The stock currently has a market capitalization of £113.90 million and is trading at GBX 375, having experienced a twelve-month low of GBX 261 and a high of GBX 720.
• Tracsis is a technology company that provides software, hardware, and data analytics services primarily for the rail and transport industries.

Berenberg Bank reiterated their buy rating on shares of Tracsis (LON:TRCS - Free Report) in a report issued on Wednesday morning, MarketBeat reports. The brokerage currently has a GBX 550 price objective on the stock.

Tracsis Trading Up 4.0%

Shares of Tracsis stock traded up GBX 15 during trading hours on Wednesday, hitting GBX 390. The company's stock had a trading volume of 48,958 shares, compared to its average volume of 95,392. Tracsis has a twelve month low of GBX 261 and a twelve month high of GBX 720. The firm has a fifty day moving average of GBX 400.27 and a 200-day moving average of GBX 397.25. The stock has a market cap of £115.95 million, a price-to-earnings ratio of 22,941.18 and a beta of 0.82. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.98 and a current ratio of 1.64.

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.