Panmure Gordon Begins Coverage on Trustpilot Group (LON:TRST)

Research analysts at Panmure Gordon started coverage on shares of Trustpilot Group (LON:TRST) in a research note issued on Monday,London Stock Exchange reports. The brokerage set a “sell” rating and a GBX 200 ($2.70) price target on the stock. Panmure Gordon’s price target points to a potential downside of 12.43% from the stock’s previous close.

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 420 ($5.67) price objective on shares of Trustpilot Group in a report on Friday, May 23rd.

Trustpilot Group Stock Up 2.4%

Shares of TRST opened at GBX 228.40 ($3.08) on Monday. The company has a market capitalization of £1.20 billion, a P/E ratio of 75.71 and a beta of 1.02. The company has a debt-to-equity ratio of 41.16, a current ratio of 1.31 and a quick ratio of 1.71. Trustpilot Group has a one year low of GBX 178.40 ($2.41) and a one year high of GBX 361.50 ($4.88). The business’s 50 day simple moving average is GBX 223.69 and its 200-day simple moving average is GBX 272.91.

Insiders Place Their Bets

In other Trustpilot Group news, insider Peter Holten Mühlmann sold 1,881 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of GBX 209 ($2.82), for a total transaction of £3,931.29 ($5,307.53). Also, insider Adrian Blair bought 40,751 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were bought at an average price of GBX 244 ($3.29) per share, for a total transaction of £99,432.44 ($134,241.18). Company insiders own 8.24% 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.