FinnCap Increases Trifast plc (TRI) Price Target to GBX 165
Trifast plc (LON:TRI) had its price target upped by equities research analysts at FinnCap from GBX 155 ($2.02) to GBX 165 ($2.15) in a research report issued to clients and investors on Tuesday. The brokerage presently has a “buy” rating on the stock. FinnCap’s target price points to a potential downside of 1.35% from the company’s previous close.
Several other equities research analysts have also recently weighed in on the stock. Peel Hunt reiterated a “buy” rating and issued a GBX 160 ($2.09) target price on shares of Trifast plc in a research note on Wednesday, July 27th. N+1 Singer reissued a “buy” rating on shares of Trifast plc in a research report on Thursday, September 29th.
Shares of Trifast plc (LON:TRI) opened at 167.25 on Tuesday. Trifast plc has a 52-week low of GBX 101.96 and a 52-week high of GBX 171.00. The firm has a 50-day moving average price of GBX 148.81 and a 200-day moving average price of GBX 137.96. The firm’s market capitalization is GBX 195.26 million.
In related news, insider Budd,Geoff sold 75,000 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of GBX 132 ($1.72), for a total value of £99,000 ($129,225.95).
About Trifast plc
Trifast plc is a United Kingdom-based manufacturer and distributor of industrial fastenings and category C components. The Company provides design support and problem solving solutions to its customers. The Company designs, manufactures and distributes mechanical fasteners on a global basis to both distributors and original equipment manufacturer (OEM) assemblers.
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