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Tracsis ( (GB:TRCS) ) has issued an announcement.
Tracsis plc, a company listed on the London Stock Exchange, has executed a share buyback program as announced earlier in April 2025. The company purchased 1,500 of its ordinary shares at a consistent price of 400 pence per share, with plans to cancel these shares, reducing the total number of shares in issue to 29,754,902. This move is part of Tracsis’s strategy 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: 113,905
Technical Sentiment Signal: Sell
Current Market Cap: £116.1M
See more insights into TRCS stock on TipRanks’ Stock Analysis page.