Berenberg Bank Lowers Tracsis (LON:TRCS) Price Target to GBX 1,150

Tracsis (LON:TRCS) had its price target lowered by Berenberg Bank from GBX 1,245 ($16.42) to GBX 1,150 ($15.17) in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 74.24% from the stock’s current price.

Tracsis Stock Performance

LON TRCS opened at GBX 660 ($8.70) on Thursday. Tracsis has a 1-year low of GBX 570 ($7.52) and a 1-year high of GBX 980 ($12.92). The company has a current ratio of 1.78, a quick ratio of 0.98 and a debt-to-equity ratio of 3.29. The stock has a 50-day moving average of GBX 674.08 and a 200-day moving average of GBX 817.66. The firm has a market cap of £200.18 million, a PE ratio of 4,400.00 and a beta of 0.82.

Tracsis Company Profile

Tracsis plc, together with its subsidiaries, provides software and hardware, data analytics/GIS services for the rail, traffic data, and transportation industry. The company operates in two segments, Rail Technology and Services; and Data, Analytics, Consultancy & Events. The Rail Technology & Services segment provides a suite of operational software products covering timetabling, resource and rolling stock planning and optimization, real time performance and control, service recovery, retail services, incident management, retail services, and asset management; and infrastructure software services that include safety and risk management, data loggers and sensors, switch machines, track circuits, wiring and signalling systems, remote condition monitoring hardware and data acquisition, and asset optimisation and digital railway.