Tracsis Plc 54.4% potential upside indicated by Berenberg Bank

Tracsis Plc with ticker (LON:TRCS) now has a potential upside of 54.4% according to Berenberg Bank.



Berenberg Bank set a target price of 1,295 GBX for the company, which when compared to the Tracsis Plc share price of 839 GBX at opening today (26/04/2024) indicates a potential upside of 54.4%. Trading has ranged between 690 (52 week low) and 1,030 (52 week high) with an average of 38,052 shares exchanging hands daily. The market capitalisation at the time of writing is £250,317,630.

Tracsis plc is a provider of software, hardware, data analytics/ geographical information system (GIS) and services for the rail, traffic data and transport industries. The Company operates through two segments: Rail Technology & Services and Data, Analytics, Consultancy & Events. The Rail Technology & Services segment provides a range of products and services for the rail industry, such as software, hosting services, and remote condition monitoring. Its customer base includes train operating companies and infrastructure providers. The Data, Analytics, Consultancy & Events segment includes traffic data collection and event planning and traffic management, and data and analytics and consultancy offerings. It provides a fully integrated remote condition monitoring solution covering both hardware and software. The Company also supplies computer-aided dispatch and yard automation solutions and remote condition monitoring solutions.