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Tracsis ( (GB:TRCS) ) has provided an announcement.
Tracsis plc, a company involved in a share buyback program, announced the purchase of 12,537 of its ordinary shares at a consistent price of 495 pence per share on the London Stock Exchange. The company plans to cancel these shares, which will result in a total of 30,056,394 ordinary shares in issue, each with one voting right. This move is part of Tracsis’s strategy to manage its share capital and potentially enhance shareholder value.
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 Outperform.
Tracsis’ strong technical indicators and positive corporate events, particularly the share buyback strategy, enhance the stock’s attractiveness. However, the high P/E ratio suggests potential overvaluation, and there are concerns regarding recent declines in profitability and free cash flow growth.
To see Spark’s full report on GB:TRCS stock, click here.
More about Tracsis
Average Trading Volume: 109,842
Technical Sentiment Signal: Sell
Current Market Cap: £148.8M
See more data about TRCS stock on TipRanks’ Stock Analysis page.