Royal Bank Of Canada Issues Positive Forecast for Trustpilot Group (LON:TRST) Stock Price

Trustpilot Group (LON:TRST) had its target price raised by equities research analysts at Royal Bank Of Canada from GBX 290 to GBX 305 in a report released on Wednesday,London Stock Exchange reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 50.64% from the company’s current price.

Several other research analysts have also weighed in on TRST. Berenberg Bank increased their target price on shares of Trustpilot Group from GBX 300 to GBX 315 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Trustpilot Group from GBX 354 to GBX 375 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 319.

Trustpilot Group Trading Up 4.9%

Shares of LON:TRST traded up GBX 9.47 during midday trading on Wednesday, reaching GBX 202.47. 1,853,994 shares of the company’s stock were exchanged, compared to its average volume of 20,489,809. The stock has a market cap of £791.92 million, a price-to-earnings ratio of -1.71 and a beta of 0.73. Trustpilot Group has a fifty-two week low of GBX 125.40 and a fifty-two week high of GBX 289.40. The firm’s 50 day simple moving average is GBX 173.13 and its two-hundred day simple moving average is GBX 185.87. The company has a debt-to-equity ratio of -269.41, a current ratio of 0.57 and a quick ratio of 1.71.

Insiders Place Their Bets

In other news, insider Hanno Damm sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of GBX 210, for a total value of £420,000. Also, insider Peter Holten Mühlmann sold 359,000 shares of Trustpilot Group stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of GBX 239, for a total transaction of £858,010. Insiders have sold 22,205,420 shares of company stock worth $4,760,293,880 over the last three months. Company insiders own 18.55% of the company’s stock.

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.