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Tracsis ( (GB:TRCS) ) just unveiled an update.
Tracsis plc, a company engaged in a share buyback program, has repurchased 21,784 of its ordinary shares at a price of 450 pence each on the London Stock Exchange. The company plans to cancel these shares, resulting in a total of 30,255,668 ordinary shares in issue, which will affect the voting rights and shareholding calculations for stakeholders.
The most recent analyst rating on (GB:TRCS) stock is a Buy with a £1245.00 price target. To see the full list of analyst forecasts on Tracsis stock, see the GB:TRCS Stock Forecast page.
Spark’s Take on GB:TRCS Stock
According to Spark, TipRanks’ AI Analyst, GB:TRCS is a Neutral.
Tracsis holds a solid financial position with strong equity and low leverage, though recent profitability challenges are a concern. Technical indicators suggest overbought conditions, warranting caution, while a high P/E ratio points to potential overvaluation. However, strategic corporate actions like the share buyback and a major contract win provide positive long-term growth potential.
To see Spark’s full report on GB:TRCS stock, click here.
More about Tracsis
Average Trading Volume: 119,909
Technical Sentiment Signal: Sell
Current Market Cap: £136.3M
For detailed information about TRCS stock, go to TipRanks’ Stock Analysis page.