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The latest announcement is out from Tracsis ( (GB:TRCS) ).
Tracsis plc, a company engaged in a share buyback programme, announced the purchase of 14,257 of its ordinary shares on the London Stock Exchange. The shares were bought at prices ranging from 453.00 to 455.00 pence, with a volume-weighted average price of 453.60 pence. The company plans to cancel these shares, adjusting its total voting rights to 29,874,403, which may impact shareholder calculations under FCA rules.
The most recent analyst rating on (GB:TRCS) stock is a Buy with a £1267.00 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’ overall stock score reflects solid financial health supported by a strong balance sheet and strategic capital management through share buybacks. However, the high P/E ratio and mixed technical indicators suggest caution, as the stock may be overvalued and subject to technical pressure.
To see Spark’s full report on GB:TRCS stock, click here.
More about Tracsis
Average Trading Volume: 118,539
Technical Sentiment Signal: Sell
Current Market Cap: £131.6M
Find detailed analytics on TRCS stock on TipRanks’ Stock Analysis page.