Trifast’s (TRI) Buy Rating Reiterated at Peel Hunt

Trifast (LON:TRI)‘s stock had its “buy” rating restated by analysts at Peel Hunt in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. They currently have a GBX 140 price objective on the stock. Peel Hunt’s price target indicates a potential upside of 91.78% from the company’s current price.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 130 price objective on shares of Trifast in a report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 135.

Trifast Price Performance

Trifast stock remained flat at GBX 73 during trading hours on Tuesday. 39,192 shares of the company’s stock traded hands, compared to its average volume of 133,623. The business’s 50 day moving average is GBX 79.07 and its 200-day moving average is GBX 74.66. The company has a current ratio of 3.46, a quick ratio of 1.78 and a debt-to-equity ratio of 48.54. The stock has a market capitalization of £98.53 million, a price-to-earnings ratio of 94.81 and a beta of 1.16. Trifast has a 52-week low of GBX 56 and a 52-week high of GBX 88.80.

Trifast (LON:TRI) last posted its earnings results on Tuesday, November 18th. The company reported GBX 1.09 EPS for the quarter. Trifast had a negative return on equity of 3.47% and a negative net margin of 1.90%. As a group, research analysts expect that Trifast will post 5.8002937 earnings per share for the current year.

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.