Insider Selling: Trifast plc (LON:TRI) Insider Sells 203,704 Shares of Stock
Trifast plc (LON:TRI) insider Geoff Budd sold 203,704 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of GBX 220 ($2.86), for a total transaction of £448,148.80 ($581,784.76).
Shares of Trifast plc (LON TRI) opened at 218.00 on Friday. The stock’s market capitalization is GBX 262.24 million. Trifast plc has a 12-month low of GBX 140.50 and a 12-month high of GBX 228.94. The company has a 50-day moving average of GBX 220.00 and a 200-day moving average of GBX 216.55.
The business also recently declared a dividend, which will be paid on Friday, October 13th. Stockholders of record on Thursday, September 14th will be given a GBX 2.50 ($0.03) dividend. This represents a dividend yield of 1.12%. This is a positive change from Trifast plc’s previous dividend of $1.00. The ex-dividend date is Thursday, September 14th.
Several equities research analysts recently commented on TRI shares. FinnCap reiterated a “buy” rating and set a GBX 254 ($3.30) price target on shares of Trifast plc in a research note on Tuesday, June 27th. Peel Hunt lifted their target price on shares of Trifast plc from GBX 250 ($3.25) to GBX 265 ($3.44) and gave the company a “buy” rating in a report on Tuesday, June 13th. Finally, N+1 Singer boosted their price objective on shares of Trifast plc from GBX 230 ($2.99) to GBX 242 ($3.14) and gave the stock a “buy” rating in a report on Tuesday, June 13th.
About Trifast plc
Trifast plc is a manufacturer and distributor of industrial fastenings and category C components to a range of industries and customers. The Company designs, manufactures and distributes mechanical fasteners on a global basis to both distributors and to original equipment manufacturer (OEM) assemblers.
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