Tracsis Executes Share Buyback Program

Tracsis ( (GB:TRCS) ) has provided an announcement.

Tracsis plc, a company listed on the London Stock Exchange, has executed a share buyback program by purchasing 1,000 of its ordinary shares at a price of 450 pence each. The company plans to cancel these shares, which will result in a total of 30,174,311 ordinary shares in issue, each with one voting right. This action 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 £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 Outperform.

Tracsis scores well due to strong technical indicators and positive corporate events, particularly the share buyback program. Despite a robust financial position, the high P/E ratio indicates overvaluation, which tempers the overall score. The absence of earnings call data limits insights into management’s future guidance.

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

More about Tracsis

Average Trading Volume: 117,745

Technical Sentiment Signal: Sell

Current Market Cap: £135.9M

Find detailed analytics on TRCS stock on TipRanks’ Stock Analysis page.