Tracsis Executes Share Buyback and Cancels Shares

The latest update is out from Tracsis ( (GB:TRCS) ).

Tracsis plc has executed a share buyback, purchasing 21,826 of its ordinary shares at a price of 445 pence each, as part of its previously announced Buyback Programme. The company plans to cancel these shares, resulting in a total of 30,233,842 ordinary shares in issue, which will affect the voting rights calculations for shareholders.

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 Neutral.

Tracsis holds a solid financial position with strong equity and low leverage, though recent profitability challenges are a concern. Technical indicators suggest overbought conditions, warranting caution, while a high P/E ratio points to potential overvaluation. However, strategic corporate actions like the share buyback and a major contract win provide positive long-term growth potential.

To see Spark’s full report on GB:TRCS stock, click here.

More about Tracsis

Average Trading Volume: 120,127

Technical Sentiment Signal: Sell

Current Market Cap: £134.7M

See more data about TRCS stock on TipRanks’ Stock Analysis page.