Trifast (LON:TRI) Price Target Raised to GBX 140 at Berenberg Bank

Trifast (LON:TRI) had its price objective upped by Berenberg Bank from GBX 130 to GBX 140 in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 103.19% from the stock’s previous close.

Trifast Trading Down 1.9%

LON TRI opened at GBX 68.90 on Thursday. The stock has a market cap of £93.00 million, a P/E ratio of 79.20 and a beta of 0.68. Trifast has a fifty-two week low of GBX 56.20 and a fifty-two week high of GBX 88.80. The stock has a 50 day simple moving average of GBX 66.19 and a two-hundred day simple moving average of GBX 70.27. The company has a debt-to-equity ratio of 69.36, a quick ratio of 1.78 and a current ratio of 3.82.

Trifast (LON:TRI) last posted its earnings results on Thursday, July 2nd. The company reported GBX 6.46 earnings per share (EPS) for the quarter. Trifast had a return on equity of 0.95% and a net margin of 0.54%. On average, analysts forecast that Trifast will post 5.8002937 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Clive Watson acquired 973 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was acquired at an average cost of GBX 71 per share, for a total transaction of £690.83. Also, insider Iain Percival bought 4,621 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was bought at an average cost of GBX 68 per share, with a total value of £3,142.28. 21.70% of the stock is currently owned by insiders.

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.