Trustpilot Group (LON:TRST) Sets New 1-Year High After Insider Buying Activity

Shares of Trustpilot Group plc (LON:TRST) reached a new 52-week high on Tuesday following insider buying activity. The company traded as high as GBX 253 ($3.29) and last traded at GBX 251 ($3.27), with a volume of 1016689 shares traded. The stock had previously closed at GBX 249 ($3.24).

Specifically, insider Zillah Byng-Thorne acquired 39,200 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average cost of GBX 252 ($3.28) per share, with a total value of £98,784 ($128,591.51).

Analyst Ratings Changes

TRST has been the topic of several analyst reports. Berenberg Bank upped their target price on shares of Trustpilot Group from GBX 260 ($3.38) to GBX 270 ($3.51) and gave the stock a “buy” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 250 ($3.25) target price on shares of Trustpilot Group in a report on Friday, July 12th.

Trustpilot Group Trading Up 0.8 %

The company’s fifty day moving average price is GBX 225.27 and its two-hundred day moving average price is GBX 215.02. The company has a current ratio of 1.32, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16. The firm has a market cap of £1.04 billion, a P/E ratio of 8,366.67 and a beta of 1.02.

About Trustpilot Group

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.