Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from Trustpilot Group Plc ( (GB:TRST) ).
Trustpilot Group Plc announced the purchase of 110,000 of its own ordinary shares on the London Stock Exchange as part of its ongoing share buyback program. This move, which follows the acquisition of over a million shares since mid-September, aims to cancel the purchased shares, potentially impacting the company’s stock value and shareholder equity.
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 feedback on businesses and services. The company focuses on enhancing consumer trust and transparency in the marketplace through its review services.
Average Trading Volume: 1,705,761
Technical Sentiment Signal: Sell
Current Market Cap: £900.6M
Learn more about TRST stock on TipRanks’ Stock Analysis page.