Tracsis Executes Share Buyback Programme

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

Tracsis plc, a company involved in a share buyback programme, announced the purchase of 21,206 of its ordinary shares on the London Stock Exchange through its corporate broker Berenberg. The shares were bought at prices ranging from 420.50 to 434.00 pence, with a volume-weighted average price of 429.42 pence. The company plans to cancel these shares, resulting in a total of 30,191,135 ordinary shares in issue. This move is part of Tracsis’s strategy to manage its share capital and could influence 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 £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 holds a solid financial position with strong equity and low leverage, though recent profitability challenges are a concern. Technical indicators suggest overbought conditions, warranting caution, while a high P/E ratio points to potential overvaluation. However, strategic corporate actions like the share buyback and a major contract win provide positive long-term growth potential.

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

More about Tracsis

Average Trading Volume: 117,748

Technical Sentiment Signal: Sell

Current Market Cap: £129.9M

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