Trifast (LON:TRI) Given “Buy” Rating at Berenberg Bank

Trifast (LON:TRI)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research note issued on Tuesday, Marketbeat.com reports. They currently have a GBX 140 target price on the stock. Berenberg Bank‘s price target points to a potential upside of 72.41% from the stock’s current price.

Trifast Price Performance

TRI opened at GBX 81.20 on Tuesday. The company has a fifty day moving average price of GBX 85.31 and a 200-day moving average price of GBX 76.17. The firm has a market capitalization of £109.65 million, a P/E ratio of -111.23 and a beta of 0.69. The company has a debt-to-equity ratio of 59.09, a current ratio of 4.19 and a quick ratio of 1.78. Trifast has a one year low of GBX 56.20 and a one year high of GBX 95.

About Trifast

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.