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Tracsis ( (GB:TRCS) ) has shared an announcement.
Tracsis plc, a company involved in a share buyback program, has repurchased 14,887 of its ordinary shares on the London Stock Exchange through its broker, Berenberg. The shares were bought at prices ranging from 391.50 to 400.00 pence, with a volume-weighted average price of 398.24 pence. The company plans to cancel these shares, resulting in a total of 29,766,801 ordinary shares in issue, each with one voting right. This move is part of Tracsis’ ongoing efforts to manage its share capital and potentially enhance shareholder value.
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: 113,825
Technical Sentiment Signal: Sell
Current Market Cap: £116.2M
For a thorough assessment of TRCS stock, go to TipRanks’ Stock Analysis page.