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Tracsis ( (GB:TRCS) ) just unveiled an update.
Tracsis plc has executed a share buyback program, purchasing 13,054 of its ordinary shares at a consistent price of 470 pence per share through its broker, Berenberg, on the London Stock Exchange. The company plans to cancel these shares, reducing the total number of voting shares to 29,975,962, which will 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: 111,454
Technical Sentiment Signal: Sell
Current Market Cap: £141M
For a thorough assessment of TRCS stock, go to TipRanks’ Stock Analysis page.