Tracsis Executes Share Buyback Program

An announcement from Tracsis ( (GB:TRCS) ) is now available.

Tracsis plc has executed a share buyback program, purchasing 7,250 of its ordinary shares at a volume-weighted average price of 450.34 pence per share on the London Stock Exchange. The company plans to cancel these shares, resulting in a total of 30,167,061 ordinary shares in issue, which will impact shareholder voting rights and transparency calculations.

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: 114,909

Technical Sentiment Signal: Sell

Current Market Cap: £135.8M

For detailed information about TRCS stock, go to TipRanks’ Stock Analysis page.