Trustpilot Group (LON:TRST) Trading Down 6% – What’s Next?

Trustpilot Group plc (LON:TRST) shares were down 6% during trading on Tuesday . The company traded as low as GBX 271 and last traded at GBX 274.80. 2,575,053 shares changed hands during trading, a decline of 77% from the average daily volume of 11,110,550 shares. The stock had previously closed at GBX 292.20.

Wall Street Analysts Forecast Growth

TRST has been the subject of several research analyst reports. UBS Group reaffirmed a “buy” rating and issued a GBX 410 price objective on shares of Trustpilot Group in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 375 target price on shares of Trustpilot Group in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 351.25.

Trustpilot Group Stock Performance

The stock has a market cap of £1.06 billion, a P/E ratio of 152.67 and a beta of 0.51. The company has a debt-to-equity ratio of -269.41, a current ratio of 0.57 and a quick ratio of 1.71. The company has a fifty day moving average of GBX 272.61 and a 200 day moving average of GBX 234.62.

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.