Trifast plc (LON:TRI) Insider Sells £448,148.80 in Stock
Trifast plc (LON:TRI) insider Geoff Budd sold 203,704 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of GBX 220 ($2.86), for a total value of £448,148.80 ($583,603.07).
Trifast plc (LON:TRI) traded up 2.31% during midday trading on Monday, reaching GBX 221.00. The company had a trading volume of 63,448 shares. Trifast plc has a 52-week low of GBX 134.00 and a 52-week high of GBX 228.94. The company’s 50 day moving average is GBX 220.65 and its 200-day moving average is GBX 215.76. The company’s market capitalization is GBX 265.85 million.
The company also recently disclosed a dividend, which will be paid on Friday, October 13th. Investors of record on Thursday, September 14th will be paid a GBX 2.50 ($0.03) dividend. This is a positive change from Trifast plc’s previous dividend of $1.00. The ex-dividend date is Thursday, September 14th. This represents a yield of 1.12%.
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A number of research firms recently issued reports on TRI. FinnCap upped their target price on Trifast plc from GBX 225 ($2.93) to GBX 240 ($3.13) and gave the company a “buy” rating in a research note on Thursday, April 20th. N+1 Singer reaffirmed a “buy” rating and issued a GBX 230 ($3.00) target price on shares of Trifast plc in a research note on Thursday, April 20th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 265 ($3.45) target price on shares of Trifast plc in a research note on Thursday, July 27th.
About Trifast plc
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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