Panmure Gordon Initiates Coverage on Trustpilot Group (LON:TRST)

Panmure Gordon started coverage on shares of Trustpilot Group (LON:TRST) in a report issued on Monday,London Stock Exchange reports. The firm set a “sell” rating and a GBX 200 ($2.71) price target on the stock. Panmure Gordon’s target price points to a potential downside of 4.07% from the company’s current price.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 420 ($5.68) price target on shares of Trustpilot Group in a research note on Friday, May 23rd.

Trustpilot Group Trading Down 11.6%

LON:TRST opened at GBX 208.48 ($2.82) on Monday. The company has a market capitalization of £1.09 billion, a P/E ratio of 69.11 and a beta of 1.02. The stock’s 50 day moving average price is GBX 223.20 and its 200 day moving average price is GBX 273.69. The company has a debt-to-equity ratio of 41.16, a quick ratio of 1.71 and a current ratio of 1.31. Trustpilot Group has a 52 week low of GBX 178.40 ($2.41) and a 52 week high of GBX 361.50 ($4.89).

Insiders Place Their Bets

In related news, insider Adrian Blair purchased 40,751 shares of the stock in a transaction on Wednesday, March 26th. The shares were bought at an average price of GBX 244 ($3.30) per share, for a total transaction of £99,432.44 ($134,586.41). Also, insider Hanno Damm sold 39,902 shares of Trustpilot Group stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of GBX 303 ($4.10), for a total transaction of £120,903.06 ($163,647.89). Insiders own 8.24% of the company’s stock.

Trustpilot Group Company Profile

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.