Trifast plc (LON:TRI) had its price objective hoisted by equities researchers at Peel Hunt from GBX 160 ($2.09) to GBX 175 ($2.28) in a report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s target price indicates a potential upside of 12.18% from the stock’s current price.

Several other brokerages also recently commented on TRI. FinnCap raised their target price on shares of Trifast plc from GBX 155 ($2.02) to GBX 165 ($2.15) and gave the stock a “buy” rating in a report on Tuesday. N+1 Singer restated a “buy” rating on shares of Trifast plc in a report on Thursday, September 29th.

Shares of Trifast plc (LON:TRI) opened at 166.9375 on Tuesday. The firm’s market capitalization is GBX 194.89 million. Trifast plc has a 52 week low of GBX 101.96 and a 52 week high of GBX 169.75. The stock has a 50 day moving average of GBX 147.51 and a 200-day moving average of GBX 137.38.

In other news, insider Budd,Geoff sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of GBX 132 ($1.72), for a total transaction 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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