FinnCap Reiterates Corporate Rating for Trifast (LON:TRI)

Trifast (LON:TRI)‘s stock had its “corporate” rating reissued by investment analysts at FinnCap in a research report issued to clients and investors on Monday, ThisIsMoney.Co.Uk reports. They currently have a GBX 200 ($2.61) price objective on the stock, down from their prior price objective of GBX 270 ($3.53). FinnCap’s price objective points to a potential upside of 25.00% from the stock’s current price.

Several other brokerages have also recently weighed in on TRI. Peel Hunt lowered their price target 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 upped their price target on shares of Trifast from GBX 200 ($2.61) to GBX 235 ($3.07) and gave the stock a “hold” rating in a research report on Thursday, July 4th. Finally, Shore Capital reaffirmed a “buy” rating and issued a GBX 220 ($2.87) price target (down previously from GBX 240 ($3.14)) on shares of Trifast in a research report on Monday.

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

In related news, insider Glenda Roberts sold 53,209 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of GBX 198 ($2.59), for a total transaction of £105,353.82 ($137,663.43).

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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