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An update from Trustpilot Group Plc ( (GB:TRST) ) is now available.
Trustpilot Group Plc announced the purchase of 170,000 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback program. This move, which is part of a larger strategy to buy back and cancel shares, aims to optimize the company’s capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:TRST) stock is a Hold with a £241.00 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 its strong financial performance, with significant revenue growth and improving profitability. However, the high P/E ratio suggests overvaluation, and the technical analysis indicates mixed signals with short-term bullish momentum but longer-term bearish trends. The absence of dividend yield further impacts the valuation negatively.
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 discover reviews of businesses. The company focuses on enhancing consumer trust and transparency in the marketplace, serving a global audience with its digital services.
Average Trading Volume: 1,780,888
Technical Sentiment Signal: Hold
Current Market Cap: £893.6M
For an in-depth examination of TRST stock, go to TipRanks’ Overview page.