Trifast plc (LON:TRI – Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 70.73 and traded as low as GBX 67.20. Trifast shares last traded at GBX 67.60, with a volume of 129,453 shares traded.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 130 target price on shares of Trifast in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 135.
Read Our Latest Analysis on TRI
Trifast Price Performance
Insider Transactions at Trifast
In other Trifast news, insider Iain Percival acquired 4,621 shares of the stock in a transaction on Thursday, April 16th. The stock was purchased at an average price of GBX 68 per share, for a total transaction of £3,142.28. Also, insider Clive Watson acquired 973 shares of the stock in a transaction on Thursday, April 16th. The shares were acquired at an average price of GBX 71 per share, with a total value of £690.83. Corporate insiders own 21.70% of the company’s stock.
Trifast Company Profile
About Trifast
In 2023, TR celebrated 50 years of business with a proud heritage of serving customers with engineered fastening supply chain solutions; Our skills lie in the design, engineering, manufacture, and distribution of high-quality engineered fastenings and Category ‘C’ components principally for major global assembly industries.
As an international business we can provide customer support from across key regions in the UK & Ireland, Asia, Europe, and North America. In addition to our service locations, we operate manufacturing facilities focused on high volume cold forged fasteners and special parts.
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