Trustpilot Extends Share Buyback Programme to £40 Million

An announcement from Trustpilot Group Plc ( (GB:TRST) ) is now available.

Trustpilot Group plc has extended its existing share buyback programme by up to an additional £10 million, taking the total potential value to £40 million, with the stated aim of maintaining an efficient balance sheet and returning excess capital to shareholders. The programme, managed on a non-discretionary basis by Deutsche Numis and conducted on the London Stock Exchange and other venues, is solely intended to reduce Trustpilot’s share capital, with all repurchased shares to be cancelled, and will continue within shareholder-approved limits and regulatory frameworks until it reaches the £40 million cap, the 36,179,442-share maximum, or the authority’s expiry in August 2026; following recent cancellations, the company now has 394,078,359 ordinary shares in issue and no shares held in treasury, a move that should enhance earnings per share and signal confidence in the company’s financial position.

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 overall stock score is primarily influenced by its strong financial performance, which is offset by bearish technical indicators and a high valuation. The company’s robust revenue growth and improving profitability metrics are positive, but the stock’s current technical setup and high P/E ratio suggest caution. Investors should monitor for improvements in technical trends and valuation metrics.

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

More about Trustpilot Group Plc

Trustpilot Group plc is a global online review platform that connects consumers and businesses through open, independent and impartial reviews. Founded in 2007, the company positions itself as a universal symbol of trust, helping consumers make informed choices and enabling businesses to build reputation, grow and improve. Trustpilot hosts more than 361 million reviews, generates around 160 billion annual brand impressions, employs over 1,000 people, and is headquartered in Copenhagen with operations across Europe, North America and Australasia.

Average Trading Volume: 3,242,660

Technical Sentiment Signal: Sell

Current Market Cap: £734.6M

See more data about TRST stock on TipRanks’ Stock Analysis page.