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Tracsis ( (GB:TRCS) ) has shared an announcement.
Tracsis plc has announced the purchase of 3,250 of its own ordinary shares as part of its ongoing share buyback program. The shares were bought at prices ranging from 438.50 pence to 455.00 pence, with a volume-weighted average price of 446.46 pence. The company plans to cancel the purchased shares, resulting in a total of 29,888,660 ordinary shares in issue, each with one voting right. This move is part of Tracsis’s strategy to manage its share capital and could impact shareholder calculations regarding their interests in the company.
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 exhibits strong financial health and has recently engaged in shareholder-friendly activities like share buybacks, enhancing its capital structure. However, the high P/E ratio suggests overvaluation concerns, and technical indicators point to weak market momentum, tempering the overall score.
To see Spark’s full report on GB:TRCS stock, click here.
More about Tracsis
Average Trading Volume: 118,539
Technical Sentiment Signal: Sell
Current Market Cap: £131.6M
Find detailed analytics on TRCS stock on TipRanks’ Stock Analysis page.