Tracsis’ (TRCS) Buy Rating Reiterated at Berenberg Bank

Tracsis (LON:TRCS)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a research report issued on Wednesday, Marketbeat Ratings reports. They presently have a GBX 1,150 ($14.57) price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 177.11% from the stock’s previous close.

Tracsis Price Performance

Shares of LON:TRCS opened at GBX 415 ($5.26) on Wednesday. The business’s 50 day moving average is GBX 443.47 and its 200-day moving average is GBX 551.08. The company has a current ratio of 1.64, a quick ratio of 0.98 and a debt-to-equity ratio of 2.73. The firm has a market capitalization of £126.05 million, a PE ratio of 256.39 and a beta of 0.82. Tracsis has a 1-year low of GBX 261 ($3.31) and a 1-year high of GBX 972 ($12.32).

Tracsis (LON:TRCS) last released its quarterly earnings data on Wednesday, November 20th. The company reported GBX 25.51 ($0.32) EPS for the quarter. Tracsis had a net margin of 0.60% and a return on equity of 0.72%. Sell-side analysts predict that Tracsis will post 38.5149202 earnings per share for the current year.

Insider Buying and Selling

In other Tracsis news, insider Tracy Sheedy purchased 950 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of GBX 530 ($6.72) per share, with a total value of £5,035 ($6,379.88). Also, insider Christopher Matthew Barnes sold 3,806 shares of Tracsis stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of GBX 533 ($6.75), for a total value of £20,285.98 ($25,704.49). 3.59% of the stock is owned by corporate insiders.

Tracsis Company Profile

Tracsis plc is a technology company and leading provider of software and hardware products, data capture and data analytic services for the rail, traffic data and wider transport industries. The Company’s products and services comprise two principal offerings: Rail Technology and Services, which includes the application of software development and licensing, remote condition monitoring technology, and associated operational and strategic consulting services; and Traffic and Data Services, which includes data capture, analysis and interpretation of traffic and pedestrian movement and demand volumes to aid with the planning, investment into, and operations of a transport environment.