Trustpilot Group (LON:TRST) Price Target Raised to GBX 343 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has raised the target price for Trustpilot Group from GBX 331 to GBX 343, indicating a potential upside of 46.08% from the current stock price.
• The company has initiated a share buyback program, signaling that its board considers the stock to be undervalued.
• Trustpilot Group currently has a consensus rating of "Moderate Buy" with a consensus target price of GBX 340.75 based on analyst evaluations.

Trustpilot Group (LON:TRST - Get Free Report) had its price objective upped by research analysts at Deutsche Bank Aktiengesellschaft from GBX 331 to GBX 343 in a research report issued to clients and investors on Tuesday, MarketBeat reports. The brokerage presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 50.04% from the stock's current price.

Other research analysts also recently issued research reports about the company. UBS Group reiterated a "buy" rating and issued a GBX 400 price objective on shares of Trustpilot Group in a report on Friday, September 5th. Berenberg Bank restated a "buy" rating and set a GBX 420 price target on shares of Trustpilot Group in a report on Tuesday, July 15th. Finally, Panmure Gordon started coverage on Trustpilot Group in a report on Monday, June 9th. They set a "sell" rating and a GBX 200 price target on the stock. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Trustpilot Group currently has a consensus rating of "Moderate Buy" and an average target price of GBX 340.75.

Trustpilot Group Price Performance

LON:TRST traded down GBX 8.60 during trading hours on Tuesday, hitting GBX 228.60. 6,135,571 shares of the company's stock traded hands, compared to its average volume of 3,134,863. The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16. The business's fifty day simple moving average is GBX 229.57 and its two-hundred day simple moving average is GBX 231.62. Trustpilot Group has a 52 week low of GBX 178.40 and a 52 week high of GBX 361.50. The firm has a market cap of £931.56 million, a P/E ratio of 16,328.57 and a beta of 1.02.

Trustpilot Group announced that its board has authorized a stock buyback plan on Tuesday, September 16th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling at Trustpilot Group

In related news, insider Zillah Byng-Thorne purchased 27,755 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The shares were bought at an average price of GBX 215 per share, for a total transaction of £59,673.25. Also, insider Peter Holten Mühlmann sold 250,000 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of GBX 230, for a total value of £575,000. In the last three months, insiders have sold 838,976 shares of company stock valued at $191,052,672. 17.61% 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.