Trustpilot Group (LON:TRST) Trading Up 0.7% – Here’s What Happened

Trustpilot Group plc (LON:TRST) shares were up 0.7% during mid-day trading on Tuesday . The company traded as high as GBX 208 ($2.83) and last traded at GBX 200.60 ($2.73). Approximately 1,455,346 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 3,096,915 shares. The stock had previously closed at GBX 199.30 ($2.71).

Analysts Set New Price Targets

TRST has been the subject of several recent analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 420 price target on shares of Trustpilot Group in a report on Tuesday, July 15th. Panmure Gordon started coverage on Trustpilot Group in a report on Monday, June 9th. They set a “sell” rating and a GBX 200 price target on the stock. Finally, UBS Group reissued a “buy” rating and issued a GBX 400 price target on shares of Trustpilot Group in a report on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Trustpilot Group presently has a consensus rating of “Hold” and a consensus target price of GBX 340.

Trustpilot Group Stock Performance

The company has a market capitalization of £885.92 million, a P/E ratio of 15,528.57 and a beta of 1.02. The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31. The stock’s fifty day moving average price is GBX 230.99 and its 200-day moving average price is GBX 233.02.

Insiders Place Their Bets

In other news, insider Peter Holten Mühlmann sold 250,000 shares of Trustpilot Group stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of GBX 230, for a total transaction of £575,000. Company insiders own 17.61% of the company’s stock.

Trustpilot Group Company Profile

Trustpilot began in 2007 with a simple yet powerful idea that is more relevant today than ever — to be the universal symbol of trust, bringing consumers and businesses together through reviews. Trustpilot is open, independent, and impartial — we help consumers make the right choices and businesses to build trust, grow and improve.

Today, we have more than 300 million reviews and 67 million monthly active users across the globe, with 127 billion annual Trustpilot brand impressions, and the numbers keep growing.