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Tracsis ( (GB:TRCS) ) has shared an update.
Tracsis plc, a company engaged in a share buyback program, has repurchased 12,920 of its ordinary shares at a price of 475 pence each on the London Stock Exchange. The company plans to cancel these shares, which will result in a total of 29,989,016 ordinary shares in issue, each with one voting right. This move is part of Tracsis’ strategy to manage its capital structure and could impact shareholder calculations under the 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: 110,375
Technical Sentiment Signal: Sell
Current Market Cap: £142.6M
Find detailed analytics on TRCS stock on TipRanks’ Stock Analysis page.