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

Trustpilot Group (LON:TRST - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Berenberg Bank in a report released on Tuesday, Marketbeat.com reports. They currently have a GBX 420 ($5.64) target price on the stock. Berenberg Bank's target price would suggest a potential upside of 58.88% from the company's previous close.

Separately, Panmure Gordon started coverage on Trustpilot Group in a report on Monday, June 9th. They set a "sell" rating and a GBX 200 ($2.68) target price for the company.

Trustpilot Group Stock Performance

Shares of LON:TRST traded down GBX 3.05 ($0.04) during trading on Tuesday, hitting GBX 264.35 ($3.55). 757,223 shares of the company traded hands, compared to its average volume of 3,206,405. The stock has a market capitalization of £1.39 billion, a price-to-earnings ratio of 87.63 and a beta of 1.02. The business's fifty day moving average is GBX 239.58 and its 200-day moving average is GBX 261.90. Trustpilot Group has a one year low of GBX 178.40 ($2.39) and a one year high of GBX 361.50 ($4.85). The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16.

Insider Activity at Trustpilot Group

In related news, insider Peter Holten Mühlmann sold 350,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of GBX 230 ($3.09), for a total value of £805,000 ($1,080,536.91). Company insiders own 8.24% of the company's stock.

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.