Trustpilot Group (LON:TRST) Sets New 52-Week High – Should You Buy?

Trustpilot Group plc (LON:TRST)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 307.50 ($3.93) and last traded at GBX 307 ($3.92), with a volume of 6230213 shares traded. The stock had previously closed at GBX 299 ($3.82).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their price objective on Trustpilot Group from GBX 260 ($3.32) to GBX 270 ($3.45) and gave the company a “buy” rating in a research note on Wednesday, September 11th.

Trustpilot Group Trading Up 2.7 %

The company has a market capitalization of £1.28 billion, a price-to-earnings ratio of 9,966.67 and a beta of 1.02. The firm has a fifty day moving average price of GBX 260.75 and a 200-day moving average price of GBX 229.35. The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.32.

Insider Transactions at Trustpilot Group

In other Trustpilot Group news, insider Zillah Byng-Thorne acquired 39,200 shares of Trustpilot Group stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average cost of GBX 252 ($3.22) per share, with a total value of £98,784 ($126,209.28). 8.24% of the stock is currently owned by insiders.

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.