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Trustpilot Group Plc ( (GB:TRST) ) has provided an update.
Trustpilot Group Plc announced the purchase of 110,000 of its own ordinary shares on the London Stock Exchange as part of its ongoing share buyback program. The company intends to cancel these shares, contributing to a total of 1,298,000 shares purchased since the program’s announcement, reflecting a strategic move to potentially enhance shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:TRST) stock is a Hold with a £241.00 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 overall stock score is primarily driven by its strong financial performance, with significant revenue growth and improving profitability. However, the high P/E ratio suggests overvaluation, and the technical analysis indicates mixed signals with short-term bullish momentum but longer-term bearish trends. The absence of dividend yield further impacts the valuation negatively.
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 industry, providing a platform for consumers to share feedback and reviews about businesses. The company focuses on enhancing transparency and trust between consumers and businesses across various markets.
Average Trading Volume: 1,740,749
Technical Sentiment Signal: Sell
Current Market Cap: £887.1M
For an in-depth examination of TRST stock, go to TipRanks’ Overview page.