Trifast (LON:TRI - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Berenberg Bank in a note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 130 target price on the stock. Berenberg Bank's price objective would indicate a potential upside of 62.50% from the company's previous close.
Trifast Stock Performance
Trifast stock opened at GBX 80 on Tuesday. The company has a debt-to-equity ratio of 48.54, a quick ratio of 1.78 and a current ratio of 3.46. The company has a market capitalization of £110.68 million, a PE ratio of -24.95 and a beta of 1.16. The company has a 50 day moving average price of GBX 73.55 and a 200-day moving average price of GBX 70. Trifast has a fifty-two week low of GBX 56 and a fifty-two week high of GBX 87.
Trifast (LON:TRI - Get Free Report) last released its quarterly earnings data on Thursday, July 10th. The company reported GBX 4.31 EPS for the quarter. Trifast had a negative return on equity of 3.47% and a negative net margin of 1.90%. As a group, equities analysts forecast that Trifast will post 5.8002937 earnings per share for the current year.
Insider Activity
In other Trifast news, insider Serena Lang bought 31,184 shares of the business's stock in a transaction on Friday, July 25th. The shares were acquired at an average price of GBX 72 per share, with a total value of £22,452.48. Also, insider Nicholas Mills purchased 500,000 shares of Trifast stock in a transaction dated Thursday, July 10th. The stock was acquired at an average price of GBX 66 per share, with a total value of £330,000. Insiders own 13.71% of the company's stock.
About Trifast
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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.
Further Reading
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