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Trustpilot Group Plc ( (GB:TRST) ) has shared an announcement.
Trustpilot Group Plc has executed a share buyback transaction, purchasing 230,000 of its ordinary shares on the London Stock Exchange as part of its ongoing buyback programme. This move, which aligns with the company’s strategy to manage its capital structure, involves cancelling the purchased shares, thereby potentially increasing the value of remaining shares and signaling confidence in the company’s future prospects.
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 industry, providing a platform for consumers to share and read reviews about businesses. The company focuses on enhancing transparency and trust between consumers and companies across various sectors.
Average Trading Volume: 2,115,910
Technical Sentiment Signal: Sell
Current Market Cap: £702.7M
Learn more about TRST stock on TipRanks’ Stock Analysis page.