Iain Percival Purchases 123,757 Shares of Trifast (LON:TRI) Stock

Trifast plc (LON:TRI) insider Iain Percival bought 123,757 shares of the company’s stock in a transaction on Monday, February 16th. The shares were bought at an average cost of GBX 80 per share, for a total transaction of £99,005.60.

Trifast Price Performance

Shares of TRI opened at GBX 83 on Thursday. Trifast plc has a twelve month low of GBX 56 and a twelve month high of GBX 88.80. The company has a 50 day moving average of GBX 74.63 and a two-hundred day moving average of GBX 76.97. The company has a quick ratio of 1.78, a current ratio of 3.46 and a debt-to-equity ratio of 48.54. The company has a market cap of £112.03 million, a price-to-earnings ratio of 95.40 and a beta of 1.16.

Trifast (LON:TRI) last issued its quarterly earnings results on Tuesday, November 18th. The company reported GBX 1.09 earnings per share for the quarter. Trifast had a negative return on equity of 3.47% and a negative net margin of 1.90%. As a group, analysts predict that Trifast plc will post 5.8002937 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TRI shares. Berenberg Bank reiterated a “buy” rating and set a GBX 130 price objective on shares of Trifast in a research note on Tuesday, November 18th. Peel Hunt reaffirmed a “buy” rating and set a GBX 140 price target on shares of Trifast in a research report on Tuesday, November 18th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 135.

About Trifast

About Trifast
In 2023, TR celebrated 50 years of business with a proud heritage of serving customers with engineered fastening supply chain solutions; Our skills lie in the design, engineering, manufacture, and distribution of high-quality engineered fastenings and Category ‘C’ components principally for major global assembly industries.

As an international business we can provide customer support from across key regions in the UK & Ireland, Asia, Europe, and North America. In addition to our service locations, we operate manufacturing facilities focused on high volume cold forged fasteners and special parts.