Trustpilot Group (LON:TRST) Trading Down 6% – What’s Next?

Trustpilot Group plc (LON:TRST) was down 6% during mid-day trading on Tuesday . The stock traded as low as GBX 271 and last traded at GBX 274.80. Approximately 2,575,053 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 11,110,550 shares. The stock had previously closed at GBX 292.20.

Analysts Set New Price Targets

TRST has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 375 price objective on shares of Trustpilot Group in a research report on Thursday, May 7th. UBS Group reaffirmed a “buy” rating and issued a GBX 410 target price on shares of Trustpilot Group in a research report on Tuesday, May 5th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 351.25.

Trustpilot Group Price Performance

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 stock has a market capitalization of £1.06 billion, a price-to-earnings ratio of 152.67 and a beta of 0.51. The business’s 50 day simple moving average is GBX 272.61 and its 200-day simple moving average is GBX 234.62.

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.