Tracsis PLC Executes Share Buyback and Reduces Share Count

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

Tracsis PLC has executed a share buyback program, purchasing 21,766 of its ordinary shares at a consistent price of 450 pence per share. The company intends to cancel these shares, reducing the total number of shares in issue to 30,277,452, which will impact the total voting rights available to shareholders.

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: 120,015

Technical Sentiment Signal: Sell

Current Market Cap: £136.4M

For an in-depth examination of TRCS stock, go to TipRanks’ Stock Analysis page.