Trustpilot Group (LON:TRST) Trading Up 15% After Analyst Upgrade

Trustpilot Group plc (LON:TRST) was up 15% during mid-day 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). Approximately 8,710,869 shares were traded during trading, an increase of 178% from the average daily volume of 3,128,278 shares. The stock had previously closed at GBX 200.60 ($2.73).

Other equities analysts also recently issued research reports about the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 420 price objective on shares of Trustpilot Group in a research note on Tuesday, July 15th. Panmure Gordon assumed coverage on shares of Trustpilot Group in a research note on Monday, June 9th. They set a “sell” rating and a GBX 200 price target for the company. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 400 price target on shares of Trustpilot Group in a research note on Friday, September 5th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Insiders Place Their Bets

In related news, insider Peter Holten Mühlmann sold 350,000 shares of Trustpilot Group stock in a transaction on Monday, June 23rd. The shares were sold at an average price of GBX 230, for a total transaction of £805,000. 17.61% of the stock is owned by corporate insiders.

Trustpilot Group Price Performance

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

Trustpilot Group announced that its board has approved a share repurchase program on Tuesday, September 16th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management 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.