Tracsis plc (LON:TRCS – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 327.58 and traded as high as GBX 335. Tracsis shares last traded at GBX 326.24, with a volume of 14,245 shares changing hands.
Analysts Set New Price Targets
Separately, Berenberg Bank upped their target price on shares of Tracsis from GBX 550 to GBX 575 and gave the stock a “buy” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 575.
Check Out Our Latest Research Report on TRCS
Tracsis Stock Up 1.3%
Insiders Place Their Bets
In other news, insider Andrew Kelly bought 7,132 shares of the stock in a transaction on Monday, August 3rd. The shares were purchased at an average cost of GBX 351 per share, for a total transaction of £25,033.32. Also, insider David Frost acquired 7,131 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was purchased at an average cost of GBX 351 per share, with a total value of £25,029.81. Company insiders own 15.83% of the company’s stock.
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.
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