Tracsis’ (TRCS) “Buy” Rating Reiterated at Berenberg Bank

Tracsis (LON:TRCS)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 1,150 ($14.51) price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 172.51% from the stock’s previous close.

Tracsis Stock Performance

LON TRCS traded up GBX 62 ($0.78) during trading on Wednesday, hitting GBX 422 ($5.32). 410,352 shares of the company’s stock traded hands, compared to its average volume of 86,149. The stock has a market capitalization of £128.18 million, a price-to-earnings ratio of 260.72 and a beta of 0.82. Tracsis has a 12-month low of GBX 261 ($3.29) and a 12-month high of GBX 972 ($12.26). The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.98 and a current ratio of 1.64. The business has a 50 day moving average of GBX 451.51 and a 200-day moving average of GBX 554.63.

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%. As a group, equities research analysts anticipate that Tracsis will post 38.5149202 earnings per share for the current fiscal year.

Insider Buying and Selling at Tracsis

In other news, insider Tracy Sheedy purchased 950 shares of the stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average cost of GBX 530 ($6.69) per share, with a total value of £5,035 ($6,351.71). Also, insider Christopher Matthew Barnes sold 3,806 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of GBX 533 ($6.72), for a total transaction of £20,285.98 ($25,590.99). Insiders own 3.59% of the company’s stock.

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.