Trifast plc (TRI) PT Raised to GBX 175
Trifast plc (LON:TRI) had its target price lifted by equities researchers at Peel Hunt from GBX 160 ($2.09) to GBX 175 ($2.28) in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s target price suggests a potential upside of 1.74% from the stock’s current price.
Several other equities analysts also recently weighed in on TRI. FinnCap reaffirmed a “buy” rating and issued a GBX 155 ($2.02) price objective on shares of Trifast plc in a research note on Tuesday, June 14th. N+1 Singer reissued a “buy” rating on shares of Trifast plc in a research report on Thursday, September 29th.
Shares of Trifast plc (LON:TRI) traded up 2.23% during trading on Tuesday, hitting GBX 172.00. The stock had a trading volume of 89,303 shares. The stock’s 50 day moving average is GBX 150.36 and its 200-day moving average is GBX 138.41. The company’s market cap is GBX 200.80 million. Trifast plc has a 12-month low of GBX 101.96 and a 12-month high of GBX 172.00.
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In other news, insider Budd,Geoff sold 75,000 shares of Trifast plc stock in a transaction on Friday, July 22nd. The stock was sold at an average price of GBX 132 ($1.72), for a total value of £99,000 ($129,225.95).
About Trifast plc
Trifast plc is a United Kingdom-based manufacturer and distributor of industrial fastenings and category C components. The Company provides design support and problem solving solutions to its customers. The Company designs, manufactures and distributes mechanical fasteners on a global basis to both distributors and original equipment manufacturer (OEM) assemblers.
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