Trifast (LON:TRI) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Trifast (LON:TRI) had its price objective lifted by Berenberg Bank from GBX 130 to GBX 140 in a research report issued on Thursday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 103.19% from the company’s current price.

Trifast Price Performance

Shares of TRI stock opened at GBX 68.90 on Thursday. The stock has a market cap of £93.00 million, a price-to-earnings ratio of 79.20 and a beta of 0.68. The business’s fifty day moving average is GBX 66.19 and its 200 day moving average is GBX 70.27. Trifast has a twelve month low of GBX 56.20 and a twelve month high of GBX 88.80. The company has a quick ratio of 1.78, a current ratio of 3.82 and a debt-to-equity ratio of 69.36.

Trifast (LON:TRI) last posted its quarterly earnings data 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%. Research analysts expect that Trifast will post 5.8002937 EPS for the current fiscal year.

Insider Activity

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