Trifast’s (TRI) Buy Rating Reaffirmed at Berenberg Bank

Trifast (LON:TRI)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research note issued to investors on Tuesday, London Stock Exchange reports. They currently have a GBX 140 price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 71.53% from the company’s previous close.

Trifast Stock Performance

Shares of TRI opened at GBX 81.62 on Tuesday. The company has a debt-to-equity ratio of 59.09, a current ratio of 4.19 and a quick ratio of 1.78. The firm’s 50 day moving average is GBX 85.59 and its 200-day moving average is GBX 75.81. Trifast has a 12-month low of GBX 56.20 and a 12-month high of GBX 95. The stock has a market capitalization of £110.22 million, a P/E ratio of -111.81 and a beta of 0.69.

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.