Trustpilot Group (LON:TRST) Trading 15% Higher Following Analyst Upgrade

Trustpilot Group plc (LON:TRST) shares traded up 15% during trading on Wednesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 331 to GBX 343. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Trustpilot Group traded as high as GBX 231.40 ($3.15) and last traded at GBX 230.60 ($3.14). 8,710,869 shares traded hands during mid-day trading, an increase of 178% from the average session volume of 3,128,278 shares. The stock had previously closed at GBX 200.60 ($2.73).

Other research analysts also recently issued research reports about the company. 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. 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. Finally, Panmure Gordon began coverage on Trustpilot Group in a research note on Monday, June 9th. They set a “sell” rating and a GBX 200 price objective on the stock. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Trustpilot Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Insider Buying and Selling at Trustpilot Group

In related news, insider Peter Holten Mühlmann sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of GBX 230, for a total value of £575,000. Insiders own 17.61% of the company’s stock.

Trustpilot Group Trading Up 1.0%

The company has a market capitalization of £948.68 million, a price-to-earnings ratio of 16,628.57 and a beta of 1.02. The firm has a 50-day moving average price of GBX 230.38 and a 200-day moving average price of GBX 233.01. The company has a current ratio of 1.31, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16.

Trustpilot Group announced that its board has authorized a stock repurchase program on Tuesday, September 16th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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.