Trustpilot Group (LON:TRST) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Trustpilot Group (LON:TRST) had its target price hoisted by equities research analysts at Royal Bank Of Canada from GBX 290 to GBX 305 in a report released on Wednesday,London Stock Exchange reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 49.04% from the company’s current price.

Other equities analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft lifted their target price on Trustpilot Group from GBX 354 to GBX 375 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Berenberg Bank raised their price target on Trustpilot Group from GBX 300 to GBX 315 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 319.

Trustpilot Group Price Performance

Shares of LON:TRST opened at GBX 204.64 on Wednesday. The company has a market cap of £800.40 million, a PE ratio of -1.73 and a beta of 0.73. Trustpilot Group has a fifty-two week low of GBX 125.40 and a fifty-two week high of GBX 289.40. The firm has a 50-day simple moving average of GBX 172.83 and a 200 day simple moving average of GBX 186.12. The company has a quick ratio of 1.71, a current ratio of 0.57 and a debt-to-equity ratio of -269.41.

Insider Transactions at Trustpilot Group

In related news, insider Hanno Damm sold 200,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of GBX 210, for a total value of £420,000. Also, insider Mohammed Anjarwala sold 21,593,420 shares of the stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of GBX 214, for a total transaction of £46,209,918.80. Over the last quarter, insiders sold 22,205,420 shares of company stock valued at $4,760,293,880. 18.55% of the stock is currently owned by corporate insiders.

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.