Trifast (LON:TRI) Given “Buy” Rating at Shore Capital

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Trifast (LON:TRI)‘s stock had its “buy” rating restated by equities researchers at Shore Capital in a report issued on Monday, ThisIsMoney.Co.Uk reports.

A number of other research firms have also recently weighed in on TRI. Berenberg Bank boosted their price objective on shares of Trifast from GBX 200 ($2.61) to GBX 235 ($3.07) and gave the company a “hold” rating in a research report on Thursday, July 4th. Peel Hunt cut their price objective on shares of Trifast from GBX 300 ($3.92) to GBX 270 ($3.53) and set a “buy” rating on the stock in a research report on Monday.

TRI stock opened at GBX 158 ($2.06) on Monday. The company has a quick ratio of 1.10, a current ratio of 1.90 and a debt-to-equity ratio of 32.50. Trifast has a twelve month low of GBX 163 ($2.13) and a twelve month high of GBX 242 ($3.16). The stock has a market capitalization of $235.29 million and a price-to-earnings ratio of 15.96. The firm’s fifty day simple moving average is GBX 197.13 and its two-hundred day simple moving average is GBX 214.22.

In other news, insider Glenda Roberts sold 53,209 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of GBX 198 ($2.59), for a total value of £105,353.82 ($137,663.43).

About Trifast

Trifast plc, together with its subsidiaries, designs, manufactures, and distributes mechanical fasteners and category C components to distributors and original equipment manufacturer assemblers. It offers screws and bolts, nuts, washers, circlips, seals, rings, spacers, pillars, security fasteners, pins and keys, tooling and driver bits, and fasteners for sheet metal and plastic, as well as enclosure, plastic, and other hardware products.

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