Trifast (LON:TRI) Rating Reiterated by Peel Hunt

Trifast (LON:TRI)‘s stock had its “buy” rating reissued by equities researchers at Peel Hunt in a research report issued to clients and investors on Thursday, ThisIsMoney.Co.Uk reports. They presently have a GBX 240 ($3.16) price target on the stock, down from their previous price target of GBX 270 ($3.55). Peel Hunt’s price objective points to a potential upside of 41.18% from the stock’s current price.

TRI has been the topic of several other research reports. Shore Capital reissued a “buy” rating on shares of Trifast in a report on Wednesday, December 18th. Berenberg Bank lowered their price target on shares of Trifast from GBX 235 ($3.09) to GBX 200 ($2.63) and set a “hold” rating on the stock in a report on Monday, December 23rd. FinnCap reissued a “corporate” rating on shares of Trifast in a report on Tuesday, November 19th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 270 ($3.55) price target on shares of Trifast in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of GBX 226 ($2.97).

Shares of Trifast stock opened at GBX 170 ($2.24) on Thursday. The firm has a market capitalization of $208.02 million and a PE ratio of 17.17. The company has a debt-to-equity ratio of 45.92, a current ratio of 3.27 and a quick ratio of 1.79. The company’s fifty day moving average price is GBX 186.72 and its two-hundred day moving average price is GBX 186.59. Trifast has a 52-week low of GBX 149 ($1.96) and a 52-week high of GBX 242 ($3.18).

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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