Royal Bank Of Canada Issues Positive Forecast for Trustpilot Group (LON:TRST) Stock Price

Trustpilot Group (LON:TRST) had its price objective boosted by Royal Bank Of Canada from GBX 290 to GBX 305 in a report published on Wednesday morning,London Stock Exchange reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also recently commented on TRST. Berenberg Bank increased their target price on shares of Trustpilot Group from GBX 300 to GBX 315 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Trustpilot Group from GBX 354 to GBX 375 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 319.

Trustpilot Group Stock Down 1.4%

LON:TRST opened at GBX 204 on Wednesday. The company’s 50-day simple moving average is GBX 173 and its 200-day simple moving average is GBX 185.99. The company has a debt-to-equity ratio of -269.41, a quick ratio of 1.71 and a current ratio of 0.57. Trustpilot Group has a fifty-two week low of GBX 125.40 and a fifty-two week high of GBX 289.40. The stock has a market capitalization of £797.91 million, a P/E ratio of -1.72 and a beta of 0.73.

Insider Transactions at Trustpilot Group

In related news, insider Peter Holten Mühlmann sold 359,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of GBX 239, for a total value of £858,010. Also, insider Mohammed Anjarwala sold 21,593,420 shares of Trustpilot Group stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of GBX 214, for a total transaction of £46,209,918.80. Over the last 90 days, insiders have sold 22,205,420 shares of company stock worth $4,760,293,880. Insiders own 18.55% of the company’s stock.

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.