Trifast (LON:TRI) Receives “Buy” Rating from Shore Capital

Shore Capital reiterated their buy rating on shares of Trifast (LON:TRI) in a research note published on Friday morning, Digital Look reports.

TRI has been the topic of several other research reports. Berenberg Bank upped their price objective on shares of Trifast from GBX 200 ($2.61) to GBX 235 ($3.07) and gave the company a hold rating in a research note on Thursday, July 4th. Peel Hunt restated a buy rating on shares of Trifast in a research note on Monday, July 22nd. Finally, FinnCap restated a corporate rating on shares of Trifast in a research note on Tuesday, June 11th.

Trifast stock opened at GBX 204 ($2.67) on Friday. The firm has a market cap of $248.70 million and a PE ratio of 20.61. The company has a debt-to-equity ratio of 32.50, a quick ratio of 1.10 and a current ratio of 1.90. The firm’s 50 day moving average price is GBX 211.25 and its two-hundred day moving average price is GBX 211.79. Trifast has a twelve month low of GBX 163 ($2.13) and a twelve month high of GBX 242 ($3.16).

The firm also recently declared a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 12th will be paid a dividend of GBX 3.05 ($0.04) per share. This is a positive change from Trifast’s previous dividend of $1.20. The ex-dividend date is Thursday, September 12th. This represents a dividend yield of 1.33%. Trifast’s dividend payout ratio is 0.40%.

In other news, insider Glenda Roberts sold 100,000 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of GBX 192 ($2.51), for a total transaction of £192,000 ($250,882.01).

About Trifast

Trifast plc, together with its subsidiaries, designs, manufactures, and distributes mechanical fasteners and category C components to distributors and original equipment manufacturer assemblers. It offers screws and bolts, nuts, washers, circlips, seals, rings, spacers, pillars, security fasteners, pins and keys, tooling and driver bits, and fasteners for sheet metal and plastic, as well as enclosure, plastic, and other hardware products.

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