N+1 Singer Lowers Trifast plc (TRI) to Hold
Trifast plc (LON:TRI) was downgraded by investment analysts at N+1 Singer to a “hold” rating in a research note issued to investors on Tuesday, November 14th.
A number of other research firms also recently weighed in on TRI. Peel Hunt reaffirmed a “buy” rating and set a GBX 265 ($3.49) price target on shares of Trifast in a research note on Tuesday, October 31st. FinnCap reaffirmed a “buy” rating and set a GBX 254 ($3.34) price target on shares of Trifast in a research note on Monday, September 25th.
Trifast (LON:TRI) traded up GBX 6.50 ($0.09) on Tuesday, hitting GBX 246.75 ($3.25). The stock had a trading volume of 124,130 shares, compared to its average volume of 57,268. Trifast has a 52 week low of GBX 183 ($2.41) and a 52 week high of GBX 249.89 ($3.29).
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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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