Trustpilot Group (LON:TRST) to Buyback 0 Shares

Trustpilot Group (LON:TRST) declared that its Board of Directors has initiated a stock buyback plan on Tuesday, September 16th, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TRST. Panmure Gordon initiated coverage on shares of Trustpilot Group in a research note on Monday, June 9th. They issued a “sell” rating and a GBX 200 price target on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 420 price objective on shares of Trustpilot Group in a research report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the stock a “buy” rating in a research note on Tuesday. Finally, UBS Group reissued a “buy” rating and issued a GBX 400 price target on shares of Trustpilot Group in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Trustpilot Group currently has an average rating of “Moderate Buy” and an average target price of GBX 340.75.

Trustpilot Group Price Performance

Shares of LON TRST opened at GBX 234.38 on Friday. Trustpilot Group has a twelve month low of GBX 178.40 and a twelve month high of GBX 361.50. The company has a market cap of £955.12 million, a PE ratio of 16,741.57 and a beta of 1.02. The business’s 50 day moving average price is GBX 230.03 and its two-hundred day moving average price is GBX 232.50. The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16.

Insider Buying and Selling at Trustpilot Group

In related news, insider Zillah Byng-Thorne bought 27,755 shares of Trustpilot Group stock in a transaction that occurred on Tuesday, September 16th. The stock was acquired at an average price of GBX 215 per share, with a total value of £59,673.25. Also, insider Peter Holten Mühlmann sold 350,000 shares of the company’s stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of GBX 230, for a total transaction of £805,000. Insiders have sold a total of 838,976 shares of company stock worth $191,052,672 over the last ninety days. Insiders own 17.61% of the company’s stock.

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.