Trifast plc Price Target Raised to GBX 140 at N+1 Singer (TRI)
Equities researchers at N+1 Singer lifted their price objective on shares of Trifast plc (LON:TRI) from GBX 126 ($2.14) to GBX 140 ($2.38) in a research report issued on Tuesday. The firm currently has a “buy” rating on the stock. N+1 Singer’s price target would suggest a potential upside of 6.87% from the company’s current price.
A number of other analysts have also recently weighed in on TRI. Analysts at Edison Investment Research reiterated a “positive” rating on shares of Trifast plc in a research note on Thursday, May 8th. Separately, analysts at Westhouse Securities reiterated a “buy” rating on shares of Trifast plc in a research note on Wednesday, May 7th. They now have a GBX 125 ($2.12) price target on the stock. Finally, analysts at FinnCap reiterated a “buy” rating on shares of Trifast plc in a research note on Wednesday, May 7th. They now have a GBX 124 ($2.10) price target on the stock, up previously from GBX 95 ($1.61). One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 166.20 ($2.82).
Shares of Trifast plc (LON:TRI) traded up 1.55% during mid-day trading on Tuesday, hitting GBX 131.00. The stock had a trading volume of 325,655 shares. Trifast plc has a 52-week low of GBX 53.00 and a 52-week high of GBX 134.00. The stock’s 50-day moving average is GBX 112.4 and its 200-day moving average is GBX 89.46. The company’s market cap is £142.1 million.
The company also recently declared a dividend, which is scheduled for Friday, October 17th. Shareholders of record on Wednesday, June 25th will be given a dividend of GBX 1 ($0.02) per share. This represents a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, June 25th.
Trifast plc is a United Kingdom-based company is an international manufacturer and distributor of industrial fastenings and category ‘C’ components.
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