Trustpilot Group (LON:TRST) Trading 15% Higher on Analyst Upgrade

Key Points

• Trustpilot Group's shares surged by 15% following an upgrade from Deutsche Bank, which increased its price target from GBX 331 to GBX 343 and maintained a buy rating.
• Multiple analysts have issued evaluations on Trustpilot Group, with Berenberg and UBS setting target prices of GBX 420 and GBX 400, respectively, while a sell rating comes from Panmure Gordon at GBX 200.
• The company has authorized a share buyback program, indicating management's belief that its shares are currently undervalued.

Trustpilot Group plc (LON:TRST - Get Free Report) was up 15% during trading on Wednesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 331 to GBX 343. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Trustpilot Group traded as high as GBX 231.40 ($3.14) and last traded at GBX 230.60 ($3.13). Approximately 8,710,869 shares were traded during mid-day trading, an increase of 178% from the average daily volume of 3,128,278 shares. The stock had previously closed at GBX 200.60 ($2.72).

A number of other equities research analysts also recently issued reports on TRST. Panmure Gordon started coverage on Trustpilot Group in a research note on Monday, June 9th. They set a "sell" rating and a GBX 200 price target for the company. Berenberg Bank reiterated a "buy" rating and set a GBX 420 price objective on shares of Trustpilot Group in a research note on Tuesday, July 15th. Finally, UBS Group reiterated a "buy" rating and set a GBX 400 price objective on shares of Trustpilot Group in a research note on Friday, September 5th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Trustpilot Group currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 340.75.

Insider Buying and Selling

In other news, insider Hanno Damm sold 238,976 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of GBX 222, for a total transaction of £530,526.72. Also, insider Zillah Byng-Thorne acquired 27,755 shares of the firm's stock in a transaction dated Tuesday, September 16th. The shares were purchased at an average cost of GBX 215 per share, for a total transaction of £59,673.25. In the last three months, insiders have sold 838,976 shares of company stock valued at $191,052,672. Corporate insiders own 17.61% of the company's stock.

Trustpilot Group Stock Up 0.7%

The firm has a market capitalization of £955.12 million, a PE ratio of 16,741.57 and a beta of 1.02. The company has a fifty day moving average price of GBX 230.03 and a 200-day moving average price of GBX 232.50. The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31.

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

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.