Trifast (TRI) Now Covered by Analysts at Berenberg Bank

Research analysts at Berenberg Bank started coverage on shares of Trifast (LON:TRI) in a note issued to investors on Tuesday, December 12th. The brokerage set a “buy” rating and a GBX 275 ($3.70) price target on the stock. Berenberg Bank’s price target suggests a potential upside of 10.11% from the stock’s previous close.

TRI has been the topic of a number of other research reports. Peel Hunt reissued a “buy” rating and issued a GBX 265 ($3.57) target price on shares of Trifast in a research note on Tuesday, October 31st. N+1 Singer downgraded shares of Trifast to a “hold” rating in a research note on Tuesday, November 14th. Finally, FinnCap reaffirmed a “buy” rating and set a GBX 254 ($3.42) price target on shares of Trifast in a research note on Friday, October 27th.

Trifast (TRI) opened at GBX 249.75 ($3.36) on Tuesday. Trifast has a one year low of GBX 190 ($2.56) and a one year high of GBX 253.78 ($3.42). The company has a market cap of $299.46 and a price-to-earnings ratio of 2,081.25.

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About Trifast

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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