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The latest announcement is out from Trustpilot Group Plc ( (GB:TRST) ).
Trustpilot Group Plc announced the purchase of 28,591 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback program. The company intends to cancel all purchased shares, having acquired a total of 3,453,460 shares since the program’s inception, reflecting its strategy to manage capital and enhance shareholder value.
The most recent analyst rating on (GB:TRST) stock is a Buy with a £370.00 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 strong financial performance, with significant revenue growth and improving profitability. However, the high P/E ratio suggests potential overvaluation, and technical indicators provide mixed signals, resulting in a moderate overall 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 of businesses. The company focuses on enhancing trust and transparency between consumers and businesses across various markets.
Average Trading Volume: 1,975,741
Technical Sentiment Signal: Hold
Current Market Cap: £865.1M
For detailed information about TRST stock, go to TipRanks’ Stock Analysis page.