Trifast (LON:TRI) Receives “Buy” Rating from Peel Hunt
Peel Hunt reaffirmed their buy rating on shares of Trifast (LON:TRI) in a report released on Thursday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has a GBX 240 ($3.16) price target on the stock, down from their previous price target of GBX 270 ($3.55).
A number of other research firms have also weighed in on TRI. Shore Capital restated a buy rating on shares of Trifast in a report on Wednesday, December 18th. Berenberg Bank decreased their price objective on shares of Trifast from GBX 235 ($3.09) to GBX 200 ($2.63) and set a hold rating on the stock in a research report on Monday, December 23rd. Peel Hunt restated a buy rating and issued a GBX 270 ($3.55) price objective on shares of Trifast in a research report on Wednesday, January 8th. Finally, FinnCap restated a corporate rating on shares of Trifast in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 226 ($2.97).
Shares of TRI traded down GBX 3 ($0.04) on Thursday, reaching GBX 170 ($2.24). The company’s stock had a trading volume of 802,535 shares, compared to its average volume of 80,087. The company has a current ratio of 3.27, a quick ratio of 1.79 and a debt-to-equity ratio of 45.92. Trifast has a twelve month low of GBX 149 ($1.96) and a twelve month high of GBX 242 ($3.18). The stock has a market capitalization of $208.02 million and a PE ratio of 17.17. The firm has a fifty day moving average of GBX 187.02 and a 200-day moving average of GBX 186.71.
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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