Trustpilot Group (LON:TRST) Reaches New 1-Year High – Should You Buy?

Trustpilot Group plc (LON:TRST) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 289.48 and last traded at GBX 288.20, with a volume of 623486 shares changing hands. The stock had previously closed at GBX 286.

Analyst Upgrades and Downgrades

Several research firms have commented on TRST. UBS Group reissued a “buy” rating and issued a GBX 410 price objective on shares of Trustpilot Group in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 375 target price on shares of Trustpilot Group in a research note on Thursday, May 7th. Royal Bank Of Canada raised their target price on Trustpilot Group from GBX 290 to GBX 305 and gave the company an “outperform” rating in a report on Wednesday, April 1st. Finally, Berenberg Bank boosted their price target on Trustpilot Group from GBX 300 to GBX 315 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Trustpilot Group has a consensus rating of “Buy” and an average target price of GBX 351.25.

Trustpilot Group Stock Performance

The firm has a market capitalization of £1.09 billion, a price-to-earnings ratio of 157.33 and a beta of 0.51. The company has a debt-to-equity ratio of -269.41, a quick ratio of 1.71 and a current ratio of 0.57. The stock’s fifty day moving average is GBX 248.59 and its two-hundred day moving average is GBX 211.48.

Insiders Place Their Bets

In other Trustpilot Group news, insider Mohammed Anjarwala bought 220,000 shares of the stock in a transaction dated Tuesday, April 21st. The stock was bought at an average cost of GBX 261 per share, for a total transaction of £574,200. 13.47% of the stock is currently owned by 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.