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An update from Trustpilot Group Plc ( (GB:TRST) ) is now available.
Trustpilot Group Plc announced the purchase of 230,000 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback program. This move, which involves the cancellation of the purchased shares, reflects Trustpilot’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:TRST) stock is a Hold with a £186.00 price target. To see the full list of analyst forecasts on Trustpilot Group Plc stock, see the GB:TRST Stock Forecast page.
Spark’s Take on GB:TRST Stock
According to Spark, TipRanks’ AI Analyst, GB:TRST is a Neutral.
Trustpilot Group Plc’s financial performance is a strong point, with significant revenue growth and improving profitability metrics. However, the technical analysis indicates bearish momentum, and the valuation suggests the stock is overvalued with a very high P/E ratio. These factors contribute to a moderate overall stock score.
To see Spark’s full report on GB:TRST stock, click here.
More about Trustpilot Group Plc
Trustpilot Group Plc operates in the online review platform industry, providing a space for consumers to share feedback on businesses and services. The company focuses on enhancing transparency and trust between consumers and businesses through its review services.
Average Trading Volume: 2,115,910
Technical Sentiment Signal: Sell
Current Market Cap: £702.7M
For a thorough assessment of TRST stock, go to TipRanks’ Stock Analysis page.