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

Tracsis (LON:TRCS)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research note issued on Wednesday, Marketbeat reports. They presently have a GBX 1,150 ($14.28) price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 219.44% from the stock’s previous close.

Tracsis Price Performance

Shares of Tracsis stock opened at GBX 360 ($4.47) on Wednesday. The stock has a market cap of £109.26 million, a price-to-earnings ratio of 2,400.00 and a beta of 0.82. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.98 and a current ratio of 1.78. The stock has a 50 day moving average price of GBX 495.85 and a 200-day moving average price of GBX 583.65. Tracsis has a one year low of GBX 351 ($4.36) and a one year high of GBX 972 ($12.07).

Tracsis (LON:TRCS) last released its earnings results on Wednesday, November 20th. The company reported GBX 25.51 ($0.32) EPS for the quarter. Tracsis had a return on equity of 7.13% and a net margin of 5.89%. Equities analysts expect that Tracsis will post 38.5149202 EPS for the current year.

Insider Buying and Selling

In other news, insider Tracy Sheedy purchased 950 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average cost of GBX 530 ($6.58) per share, with a total value of £5,035 ($6,253.10). Also, insider Christopher Matthew Barnes sold 3,806 shares of Tracsis stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of GBX 533 ($6.62), for a total value of £20,285.98 ($25,193.72). 3.59% of the stock is currently owned by company 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.