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An announcement from Tracsis ( (GB:TRCS) ) is now available.
Tracsis plc, a company known for its share buyback initiatives, has announced the purchase of 13,034 of its ordinary shares at a price of 460 pence each on the London Stock Exchange. This transaction is part of its ongoing share buyback programme, and the company plans to cancel the purchased shares, resulting in a total of 29,962,928 ordinary shares in issue, each with one voting right. This move is likely to impact the company’s share capital structure 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 £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 Outperform.
Tracsis exhibits strong financial health and positive corporate actions like share buybacks, which are favorable. However, the high P/E ratio suggests overvaluation concerns. The bullish technical indicators provide a positive short-term outlook, but the overbought signals warrant caution.
To see Spark’s full report on GB:TRCS stock, click here.
More about Tracsis
Average Trading Volume: 111,260
Technical Sentiment Signal: Sell
Current Market Cap: £137.9M
For an in-depth examination of TRCS stock, go to TipRanks’ Overview page.