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Tracsis ( (GB:TRCS) ) just unveiled an announcement.
Tracsis plc, a company operating in the technology sector, has announced a transaction involving the repurchase of its own shares as part of a previously declared share buyback programme. On June 2, 2025, the company purchased 16,358 ordinary shares at a price of 465 pence each on the London Stock Exchange, with plans to cancel these shares. This move will result in a total of 30,098,472 ordinary shares in issue, impacting the company’s total voting rights and potentially affecting shareholder calculations under the FCA’s 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 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: 112,138
Technical Sentiment Signal: Sell
Current Market Cap: £139.2M
Find detailed analytics on TRCS stock on TipRanks’ Stock Analysis page.