Trustpilot Group plc (LON:TRST - Get Free Report) shares rose 7.4% on Wednesday . The company traded as high as GBX 289.40 ($3.88) and last traded at GBX 271.40 ($3.64). Approximately 8,964,680 shares changed hands during trading, an increase of 176% from the average daily volume of 3,251,527 shares. The stock had previously closed at GBX 252.60 ($3.39).
Analysts Set New Price Targets
Several research firms have commented on TRST. Panmure Gordon began coverage on shares of Trustpilot Group in a report on Monday, June 9th. They issued a "sell" rating and a GBX 200 ($2.68) price target on the stock. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 420 ($5.64) price target on shares of Trustpilot Group in a report on Tuesday.
Get Our Latest Research Report on Trustpilot Group
Trustpilot Group Price Performance
The stock has a market capitalization of £1.39 billion, a PE ratio of 87.63 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 stock's 50 day moving average is GBX 240.07 and its two-hundred day moving average is GBX 261.60.
Insider Activity
In other news, insider Peter Holten Mühlmann sold 250,000 shares of Trustpilot Group stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of GBX 230 ($3.09), for a total transaction of £575,000 ($771,812.08). 8.24% of the stock is owned by corporate insiders.
About Trustpilot Group
(
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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.
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