Trifast plc (TRI) Given New GBX 254 Price Target at FinnCap
Trifast plc (LON:TRI) had its price target hoisted by equities researchers at FinnCap from GBX 240 ($3.04) to GBX 254 ($3.21) in a report issued on Tuesday. The brokerage currently has a “buy” rating on the stock. FinnCap’s price objective points to a potential upside of 14.41% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Peel Hunt reissued a “buy” rating and set a GBX 250 ($3.16) price target on shares of Trifast plc in a research report on Thursday, April 20th. N+1 Singer reissued a “buy” rating and set a GBX 230 ($2.91) price target on shares of Trifast plc in a research report on Thursday, April 20th.
Shares of Trifast plc (TRI) traded up 2.90% during midday trading on Tuesday, hitting GBX 222.00. The stock had a trading volume of 68,375 shares. Trifast plc has a 52 week low of GBX 118.76 and a 52 week high of GBX 228.94. The stock’s market cap is GBX 264.86 million. The stock has a 50-day moving average of GBX 219.83 and a 200 day moving average of GBX 210.21.
The company also recently disclosed a dividend, which will be paid on Friday, October 13th. Stockholders of record on Thursday, September 14th will be paid a dividend of GBX 2.50 ($0.03) per share. The ex-dividend date of this dividend is Thursday, September 14th. This is a positive change from Trifast plc’s previous dividend of $1.00. This represents a dividend yield of 1.12%.
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Trifast plc Company Profile
Trifast plc is a manufacturer and distributor of industrial fastenings and category C components to a range of industries and customers. The Company designs, manufactures and distributes mechanical fasteners on a global basis to both distributors and to original equipment manufacturer (OEM) assemblers.
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