Trifast’s (TRI) Buy Rating Reiterated at Shore Capital

Trifast (LON:TRI)‘s stock had its “buy” rating reiterated by investment analysts at Shore Capital in a report issued on Monday, ThisIsMoney.Co.Uk reports. They currently have a GBX 220 ($2.87) price target on the stock, down from their prior price target of GBX 240 ($3.14). Shore Capital’s price target would indicate a potential upside of 37.50% from the company’s current price.

Several other analysts also recently weighed in on TRI. Peel Hunt reduced their price objective on shares of Trifast from GBX 300 ($3.92) to GBX 270 ($3.53) and set a “buy” rating for the company in a research report on Monday. Berenberg Bank lifted their target price on shares of Trifast from GBX 200 ($2.61) to GBX 235 ($3.07) and gave the company a “hold” rating in a report on Thursday, July 4th.

Shares of LON:TRI opened at GBX 160 ($2.09) on Monday. The company has a market capitalization of $195.06 million and a PE ratio of 16.16. The company has a current ratio of 1.90, a quick ratio of 1.10 and a debt-to-equity ratio of 32.50. Trifast has a twelve month low of GBX 149 ($1.95) and a twelve month high of GBX 242 ($3.16). The firm has a 50 day simple moving average of GBX 194.96 and a 200-day simple moving average of GBX 213.94.

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

Trifast Company Profile

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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