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Tracsis ( (GB:TRCS) ) has provided an update.
Tracsis plc, a company listed on the London Stock Exchange, has executed a share buyback program, acquiring 13,599 of its ordinary shares at a price of 465 pence each. The company plans to cancel these shares, reducing the total number of shares in circulation to 30,069,931, 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 £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 shows a strong financial position supported by a robust balance sheet and positive technical indicators, suggesting potential upside. However, the high P/E ratio raises concerns about overvaluation, and recent declines in profitability pose risks. The ongoing share buyback program is a positive signal, enhancing the overall score.
To see Spark’s full report on GB:TRCS stock, click here.
More about Tracsis
Average Trading Volume: 112,438
Technical Sentiment Signal: Sell
Current Market Cap: £138.5M
Learn more about TRCS stock on TipRanks’ Stock Analysis page.