Berenberg Bank Reaffirms “Buy” Rating for Trustpilot Group (LON:TRST)

Berenberg Bank reiterated their buy rating on shares of Trustpilot Group (LON:TRST) in a report published on Wednesday, MarketBeat.com reports. Berenberg Bank currently has a GBX 420 ($5.42) price objective on the stock.

Trustpilot Group Price Performance

Shares of LON TRST opened at GBX 230.50 ($2.98) on Wednesday. Trustpilot Group has a fifty-two week low of GBX 173.60 ($2.24) and a fifty-two week high of GBX 361.50 ($4.67). The stock has a market cap of £1.21 billion, a price-to-earnings ratio of 76.41 and a beta of 1.02. The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31. The firm’s 50-day simple moving average is GBX 311.84 and its 200 day simple moving average is GBX 278.29.

Insider Activity at Trustpilot Group

In other Trustpilot Group news, insider Hanno Damm sold 39,902 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 303 ($3.91), for a total value of £120,903.06 ($156,104.66). 8.24% of the stock is owned by insiders.

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.