Key Points
- Insider sale: Mohammed Anjarwala sold 21,593,420 Trustpilot shares at an average of GBX 214 on March 24, generating £46,209,918.80 in proceeds.
- Shares fell about 17.1% to around GBX 195.59 after the trade, but analysts have lifted targets (Deutsche Bank to GBX 375, Berenberg to GBX 315) and the consensus is a Moderate Buy with an average target of GBX 316.
Trustpilot Group plc (LON:TRST - Get Free Report) insider Mohammed Anjarwala sold 21,593,420 shares of the company's stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of GBX 214, for a total value of £46,209,918.80.
Trustpilot Group Trading Down 17.1%
Shares of Trustpilot Group stock opened at GBX 195.59 on Wednesday. The stock has a 50 day moving average of GBX 175.83 and a 200 day moving average of GBX 186.23. The company has a debt-to-equity ratio of -269.41, a quick ratio of 1.71 and a current ratio of 0.57. The firm has a market capitalization of £765.01 million, a price-to-earnings ratio of -1.65 and a beta of 0.73. Trustpilot Group plc has a fifty-two week low of GBX 125.40 and a fifty-two week high of GBX 289.40.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on TRST shares. Deutsche Bank Aktiengesellschaft increased their price target on Trustpilot Group from GBX 354 to GBX 375 and gave the stock a "buy" rating in a report on Wednesday, March 18th. Berenberg Bank upped their target price on shares of Trustpilot Group from GBX 300 to GBX 315 and gave the company a "buy" rating in a research report on Wednesday, March 18th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 290 target price on shares of Trustpilot Group in a research note on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 316.
Read Our Latest Report on Trustpilot Group
About Trustpilot Group
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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.
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