Trifast (LON:TRI – Get Free Report)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a note issued to investors on Tuesday, London Stock Exchange reports. They presently have a GBX 140 price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 65.09% from the company’s current price.
Trifast Stock Down 1.4%
Trifast stock opened at GBX 84.80 on Tuesday. The firm has a market cap of £114.52 million, a price-to-earnings ratio of -116.16 and a beta of 0.69. Trifast has a 52 week low of GBX 56.20 and a 52 week high of GBX 95. The business’s 50-day moving average price is GBX 85.59 and its 200 day moving average price is GBX 75.81. The company has a quick ratio of 1.78, a current ratio of 4.19 and a debt-to-equity ratio of 59.09.
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.
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