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Tracsis ( (GB:TRCS) ) just unveiled an announcement.
Tracsis plc has announced the purchase of 13,200 of its ordinary shares as part of its share buyback programme, with plans to cancel these shares. This move will adjust the total number of voting rights to 30,015,119, potentially impacting shareholder calculations under FCA’s Disclosure Guidance and Transparency 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 Outperform.
Tracsis exhibits strong financial health and positive corporate actions like share buybacks, which are favorable. However, the high P/E ratio suggests overvaluation concerns. The bullish technical indicators provide a positive short-term outlook, but the overbought signals warrant caution.
To see Spark’s full report on GB:TRCS stock, click here.
More about Tracsis
Average Trading Volume: 111,799
Technical Sentiment Signal: Sell
Current Market Cap: £144.1M
Find detailed analytics on TRCS stock on TipRanks’ Stock Analysis page.