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An announcement from Tracsis ( (GB:TRCS) ) is now available.
Tracsis plc has announced a transaction involving the repurchase of 14,087 of its ordinary shares as part of its ongoing share buyback programme. The shares were purchased at a consistent price of 455 pence each and will be cancelled, reducing the total number of shares in issue to 29,905,819. This move is part of the company’s strategy to manage its capital structure 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 has a stable financial base and positive corporate strategies like share buybacks, which are favorable. However, the technical analysis suggests caution with potential bearish trends, and the valuation indicates overvaluation. These factors combined suggest a moderate investment outlook.
To see Spark’s full report on GB:TRCS stock, click here.
More about Tracsis
Average Trading Volume: 117,222
Technical Sentiment Signal: Sell
Current Market Cap: £134.7M
Find detailed analytics on TRCS stock on TipRanks’ Stock Analysis page.