Trifast (LON:TRI – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research report issued to clients and investors on Tuesday, MarketBeat reports. They presently have a GBX 140 price objective on the stock. Berenberg Bank‘s price target indicates a potential upside of 72.41% from the company’s current price.
Trifast Trading Down 3.3%
Trifast stock opened at GBX 81.20 on Tuesday. The business has a 50 day moving average price of GBX 85.31 and a two-hundred day moving average price of GBX 76.17. The company has a quick ratio of 1.78, a current ratio of 4.19 and a debt-to-equity ratio of 59.09. The stock has a market cap of £109.65 million, a price-to-earnings ratio of -111.23 and a beta of 0.69. Trifast has a 12 month low of GBX 56.20 and a 12 month high of GBX 95.
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.
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