Trustpilot Group (LON:TRST) Stock Price Up 9.1% After Analyst Upgrade

Shares of Trustpilot Group plc (LON:TRST) traded up 9.1% on Wednesday after Berenberg Bank raised their price target on the stock from GBX 260 to GBX 270. Berenberg Bank currently has a buy rating on the stock. Trustpilot Group traded as high as GBX 212.50 ($2.78) and last traded at GBX 210.50 ($2.75). 60,434,664 shares changed hands during trading, an increase of 2,499% from the average session volume of 2,325,209 shares. The stock had previously closed at GBX 193 ($2.52).

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 250 ($3.27) target price on shares of Trustpilot Group in a research report on Friday, July 12th.

Trustpilot Group Price Performance

The business’s 50 day moving average price is GBX 206.05 and its 200-day moving average price is GBX 204.62. The company has a quick ratio of 1.71, a current ratio of 1.56 and a debt-to-equity ratio of 36.23. The company has a market cap of £931.55 million, a PE ratio of 21,600.00 and a beta of 1.03.

About Trustpilot Group

Trustpilot Group plc engages in the development and hosting of an online review platform for businesses and consumers in the United Kingdom, North America, Europe, and internationally. The company's online review platform enables consumers to make purchasing decisions, and businesses to showcase their trustscore and improve their services.