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Trustpilot Group Plc ( (GB:TRST) ) has issued an update.
Trustpilot Group Plc has executed a share buyback, purchasing 222,000 of its ordinary shares on the London Stock Exchange as part of its ongoing Buyback Programme. This move, which involves canceling the acquired shares, reflects the company’s strategy to manage its capital structure, potentially enhancing shareholder value and signaling confidence in its financial health.
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 feedback on businesses and services. The company focuses on enhancing transparency and trust between consumers and companies across various markets.
Average Trading Volume: 1,999,268
Technical Sentiment Signal: Sell
Current Market Cap: £740.3M
Learn more about TRST stock on TipRanks’ Stock Analysis page.