Trifast plc (LON:TRI) had its target price lifted by equities researchers at Peel Hunt from GBX 160 ($2.09) to GBX 175 ($2.28) in a research report issued on Tuesday. The firm presently has a “buy” rating on the stock. Peel Hunt’s price objective would indicate a potential upside of 4.63% from the company’s current price.
Other equities analysts also recently issued research reports about the stock. FinnCap boosted their price target on shares of Trifast plc from GBX 155 ($2.02) to GBX 165 ($2.15) and gave the company a “buy” rating in a report on Tuesday. N+1 Singer reissued a “buy” rating on shares of Trifast plc in a report on Thursday, September 29th.
Shares of Trifast plc (LON:TRI) opened at 167.25 on Tuesday. The stock’s market capitalization is GBX 195.26 million. Trifast plc has a one year low of GBX 101.96 and a one year high of GBX 171.00. The stock’s 50 day moving average is GBX 148.81 and its 200-day moving average is GBX 137.96.
In related news, insider Budd,Geoff sold 75,000 shares of the company’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of GBX 132 ($1.72), for a total value of £99,000 ($129,225.95).
About Trifast plc
Trifast plc is a United Kingdom-based manufacturer and distributor of industrial fastenings and category C components. The Company provides design support and problem solving solutions to its customers. The Company designs, manufactures and distributes mechanical fasteners on a global basis to both distributors and original equipment manufacturer (OEM) assemblers.
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