Trustpilot Advances Share Buyback Program with Latest Purchase

Trustpilot Group Plc ( (GB:TRST) ) has shared an announcement.

Trustpilot Group Plc announced the purchase of 50,000 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback program. This move, which aligns with their strategy to cancel purchased shares, reflects Trustpilot’s commitment to optimizing its capital structure and potentially enhancing shareholder value.

The most recent analyst rating on (GB:TRST) stock is a Buy with a £215.00 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.

The overall stock score is driven primarily by strong financial performance, but technical analysis indicates bearish trends, and valuation is concerning due to an extremely high P/E ratio without a dividend yield. The absence of earnings call data and corporate events leaves these areas unaddressed.

To see Spark’s full report on GB:TRST stock, click here.

More about Trustpilot Group Plc

Trustpilot Group Plc operates within the online review industry, providing a platform for consumers to share feedback on businesses and services. The company focuses on enhancing transparency and trust between businesses and consumers through its review services.

Average Trading Volume: 2,169,728

Technical Sentiment Signal: Sell

Current Market Cap: £939.3M

Find detailed analytics on TRST stock on TipRanks’ Stock Analysis page.