Tracsis (LON:TRCS) Price Target Raised to GBX 575

Tracsis (LON:TRCS) had its price objective hoisted by research analysts at Berenberg Bank from GBX 550 to GBX 575 in a report released on Wednesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 61.06% from the company’s previous close.

Tracsis Stock Up 7.4%

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

Tracsis (LON:TRCS) last announced its quarterly earnings data on Tuesday, April 28th. The company reported GBX 10.42 earnings per share for the quarter. The company had revenue of GBX 3,893 million during the quarter. Tracsis had a return on equity of 1.51% and a net margin of 1.16%. On average, equities research analysts anticipate that Tracsis will post 38.5149202 EPS 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.