Trustpilot Group (LON:TRST) Trading Up 0.6% – Time to Buy?

Trustpilot Group plc (LON:TRST)’s share price shot up 0.6% on Tuesday . The company traded as high as GBX 178.10 and last traded at GBX 177.10. 2,113,533 shares traded hands during trading, a decline of 77% from the average session volume of 9,215,671 shares. The stock had previously closed at GBX 176.10.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TRST. Berenberg Bank lifted their target price on Trustpilot Group from GBX 300 to GBX 315 and gave the company a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on Trustpilot Group from GBX 354 to GBX 375 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 290 price objective on shares of Trustpilot Group in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Trustpilot Group currently has an average rating of “Moderate Buy” and an average target price of GBX 316.

Trustpilot Group Stock Up 0.8%

The stock has a market capitalization of £935.59 million, a PE ratio of -2.02 and a beta of 0.73. The firm’s fifty day moving average is GBX 172.80 and its 200-day moving average is GBX 185.52. The company has a quick ratio of 1.71, a current ratio of 0.57 and a debt-to-equity ratio of -269.41.

About Trustpilot Group

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.