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Trustpilot Group Plc ( (GB:TRST) ) has provided an update.
Trustpilot Group Plc has announced a new share buyback programme worth up to £30 million, following the successful completion of previous buybacks totaling approximately £60 million. The programme aims to reduce the company’s share capital and will be managed by Deutsche Numis, adhering to regulatory requirements and shareholder authority. This move reflects Trustpilot’s commitment to maintaining an efficient balance sheet and returning excess capital to shareholders, potentially enhancing shareholder value and market confidence.
The most recent analyst rating on (GB:TRST) stock is a Buy with a £400.00 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, including robust revenue growth and efficient cash flow management. Technical indicators suggest a lack of strong buying momentum, and valuation metrics indicate the stock may be overvalued, which could pose a risk if earnings growth does not accelerate.
To see Spark’s full report on GB:TRST stock, click here.
More about Trustpilot Group Plc
Trustpilot, founded in 2007, is a platform that connects consumers and businesses through reviews, promoting trust and informed decision-making. With over 330 million active reviews and 60 million monthly users worldwide, Trustpilot operates globally with headquarters in Copenhagen and offices in major cities like London, New York, and Melbourne.
Average Trading Volume: 1,495,913
Technical Sentiment Signal: Sell
Current Market Cap: £811.7M
See more data about TRST stock on TipRanks’ Stock Analysis page.