Trifast plc Rating Lowered to Hold at FinnCap (TRI)
Trifast plc (LON:TRI) was downgraded by equities research analysts at FinnCap to a “hold” rating in a research note issued to investors on Tuesday. They currently have a GBX 131 ($2.22) price objective on the stock, up from their previous price objective of GBX 124 ($2.10).
Several other analysts have also recently commented on the stock. Analysts at N+1 Singer raised their price target on shares of Trifast plc from GBX 126 ($2.14) to GBX 140 ($2.38) in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Edison Investment Research reiterated a “positive” rating on shares of Trifast plc in a research note on Thursday, May 8th. Finally, 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 166.20 ($2.82).
Trifast plc (LON:TRI) traded up 1.55% 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 has a 50-day moving average of GBX 112.4 and a 200-day moving average of GBX 89.46. The company’s market cap is £142.1 million.
The company also recently announced a dividend, which is scheduled for Friday, October 17th. Stockholders of record on Wednesday, June 25th will be paid a dividend of GBX 1 ($0.02) per share. This represents a dividend yield of 0.76%. The ex-dividend date 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.