Trustpilot Group (LON:TRST) Reaches New 1-Year High – Here’s What Happened

Trustpilot Group plc (LON:TRST) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 253 ($3.28) and last traded at GBX 253 ($3.28), with a volume of 5082875 shares traded. The stock had previously closed at GBX 242.50 ($3.14).

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Berenberg Bank increased their target price on Trustpilot Group from GBX 260 ($3.37) to GBX 270 ($3.50) and gave the stock a “buy” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 250 ($3.24) price objective on shares of Trustpilot Group in a report on Friday, July 12th.

Trustpilot Group Trading Up 4.5 %

The company has a debt-to-equity ratio of 41.16, a current ratio of 1.32 and a quick ratio of 1.71. The business has a fifty day moving average of GBX 221.11 and a 200-day moving average of GBX 213.41. The stock has a market capitalization of £1.05 billion, a price-to-earnings ratio of 8,353.50 and a beta of 1.02.

Insider Transactions at Trustpilot Group

In related news, insider Hanno Damm sold 214,856 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of GBX 215 ($2.79), for a total value of £461,940.40 ($599,066.79). Corporate insiders own 8.24% of the company’s stock.

Trustpilot Group Company Profile

Trustpilot Group plc engages in the development and hosting of an online review platform for businesses and consumers in the United Kingdom, North America, Europe, and internationally. The company's online review platform enables consumers to make purchasing decisions, and businesses to showcase their trustscore and improve their services.