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Tracsis ( (GB:TRCS) ) just unveiled an announcement.
Tracsis plc has completed its share buyback programme, initially announced in April 2025, by repurchasing a total of 674,510 ordinary shares at a total cost of £3.0 million. The company plans to cancel these shares, reducing the total number of shares in issue to 29,731,706, each with one voting right. This move is significant for shareholders as it affects the total voting rights and could influence their interest calculations under the FCA’s rules.
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’ overall score reflects strong financial stability and positive corporate events, such as strategic share buybacks and a new CEO appointment, aimed at enhancing shareholder value. However, technical indicators suggest bearish momentum, and the high P/E ratio indicates possible overvaluation, which weigh down the score.
To see Spark’s full report on GB:TRCS stock, click here.
More about Tracsis
Average Trading Volume: 107,988
Technical Sentiment Signal: Sell
Current Market Cap: £122M
See more insights into TRCS stock on TipRanks’ Stock Analysis page.