Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Trustpilot Group (LON:TRST) Stock

Trustpilot Group (LON:TRST) had its target price upped by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 331 to GBX 343 in a report issued on Tuesday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 47.34% from the company’s current price.

A number of other analysts also recently weighed in on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 420 target price on shares of Trustpilot Group in a report on Tuesday, July 15th. Panmure Gordon started coverage on shares of Trustpilot Group in a report on Monday, June 9th. They issued a “sell” rating and a GBX 200 target price on the stock. Finally, UBS Group reiterated a “buy” rating and set a GBX 400 price target on shares of Trustpilot Group in a report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trustpilot Group has an average rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Trustpilot Group Stock Up 1.0%

Shares of TRST stock opened at GBX 232.80 on Tuesday. The stock has a market cap of £948.68 million, a P/E ratio of 16,628.57 and a beta of 1.02. Trustpilot Group has a 52 week low of GBX 178.40 and a 52 week high of GBX 361.50. The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16. The company’s fifty day simple moving average is GBX 230.38 and its two-hundred day simple moving average is GBX 233.01.

Trustpilot Group declared that its Board of Directors has approved a stock repurchase plan on Tuesday, September 16th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Peter Holten Mühlmann sold 350,000 shares of the company’s stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of GBX 230, for a total transaction of £805,000. 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.