Trustpilot Group (LON:TRST) Hits New 1-Year High – Time to Buy?

Trustpilot Group plc (LON:TRST)’s share price hit a new 52-week high on Thursday . The stock traded as high as GBX 240 ($3.12) and last traded at GBX 239.50 ($3.11), with a volume of 1096479 shares traded. The stock had previously closed at GBX 237 ($3.08).

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TRST shares. Berenberg Bank upped their price objective on Trustpilot Group from GBX 260 ($3.38) to GBX 270 ($3.51) and gave the stock a “buy” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 250 ($3.25) price target on shares of Trustpilot Group in a research report on Friday, July 12th.

Trustpilot Group Price Performance

The firm has a market cap of £999.97 million, a PE ratio of 7,900.00 and a beta of 1.02. The firm’s fifty day simple moving average is GBX 216.43 and its two-hundred day simple moving average is GBX 211.58. The company has a quick ratio of 1.71, a current ratio of 1.32 and a debt-to-equity ratio of 41.16.

Insider Activity at Trustpilot Group

In other Trustpilot Group 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 ($599,766.81). 8.24% of the stock is owned by corporate insiders.

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.