Berenberg Bank Reiterates “Buy” Rating for Trustpilot Group (LON:TRST)

Trustpilot Group (LON:TRST)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research note issued to investors on Tuesday, Marketbeat reports. They currently have a GBX 420 ($5.64) target price on the stock. Berenberg Bank’s price target suggests a potential upside of 54.53% from the company’s current price.

Separately, Panmure Gordon assumed coverage on Trustpilot Group in a research note on Monday, June 9th. They issued a “sell” rating and a GBX 200 ($2.68) price target on the stock.

Trustpilot Group Price Performance

Shares of Trustpilot Group stock opened at GBX 271.80 ($3.65) on Tuesday. Trustpilot Group has a twelve month low of GBX 178.40 ($2.39) and a twelve month high of GBX 379.20 ($5.09). The stock has a market capitalization of £1.42 billion, a P/E ratio of 90.10 and a beta of 1.02. The company has a current ratio of 1.31, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16. The business’s fifty day moving average price is GBX 238.94 and its 200 day moving average price is GBX 262.18.

Insiders Place Their Bets

In other Trustpilot Group news, insider Peter Holten Mühlmann sold 350,000 shares of Trustpilot Group stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of GBX 230 ($3.09), for a total value of £805,000 ($1,080,246.91). 8.24% of the stock is currently owned by corporate insiders.

About Trustpilot Group

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.