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Tracsis ( (GB:TRCS) ) just unveiled an announcement.
Tracsis plc has executed a share buyback program, purchasing 7,700 of its ordinary shares at a price of 433.50 pence per share on the London Stock Exchange. The company plans to cancel these shares, reducing the total number of shares in issue to 29,866,703, 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 £1340.00 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 exhibits strong financial stability and proactive corporate actions such as share buybacks, boosting shareholder value. However, the high P/E ratio indicates overvaluation, and technical indicators suggest caution. The absence of earnings call data limits insights into future guidance. The stock’s overall score reflects a balanced view of these factors.
To see Spark’s full report on GB:TRCS stock, click here.
More about Tracsis
Average Trading Volume: 117,793
Technical Sentiment Signal: Sell
Current Market Cap: £131.5M
For an in-depth examination of TRCS stock, go to TipRanks’ Overview page.