Berenberg Bank maintains "buy" rating for Tracsis, sets £1,295 price target with potential 57.93% upside.
Berenberg Bank reaffirmed its "buy" rating for Tracsis (LON:TRCS), setting a price target of £1,295 ($16.00). The bank believes Tracsis's potential upside could be 57.93% from its previous close. Despite Tracsis's first-half loss before tax of £0.3 million, the company declared an interim dividend of 1.1 pence per share, a 10% increase from the previous period. Tracsis expects improved growth in the second half of the year and maintains its cash reserve at £16.8 million.
April 24, 2024
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