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Trustpilot Group (LON:TRST) Sets New 52-Week High - Here's Why

Trustpilot Group logo with Computer and Technology background

Trustpilot Group plc (LON:TRST - Get Free Report)'s stock price reached a new 52-week high during 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 changing hands. The stock had previously closed at GBX 242.50 ($3.14).

Analysts Set New Price Targets

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

Get Our Latest Report on Trustpilot Group

Trustpilot Group Trading Up 4.1 %

The company has a market cap of £1.05 billion, a PE ratio of 8,450.00 and a beta of 1.02. 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 company has a 50-day moving average of GBX 222.22 and a 200 day moving average of GBX 213.69.

Insider Buying and Selling at Trustpilot Group

In other Trustpilot Group news, insider Hanno Damm sold 214,856 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of GBX 215 ($2.79), for a total transaction of £461,940.40 ($599,066.79). Company insiders own 8.24% of the company's stock.

About Trustpilot Group

(Get Free Report)

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.

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