Trifast (LON:TRI) Earns Buy Rating from Berenberg Bank

Trifast (LON:TRI)‘s stock had its “buy” rating reissued by Berenberg Bank in a research note issued on Tuesday, October 20th, Marketbeat reports. They presently have a GBX 140 price objective on the stock. Berenberg Bank‘s price objective would indicate a potential upside of 69.33% from the company’s previous close.

Trifast Stock Performance

TRI traded up GBX 1.68 during midday trading on Tuesday, reaching GBX 82.68. The company had a trading volume of 195,625 shares, compared to its average volume of 238,996. The company has a debt-to-equity ratio of 59.09, a quick ratio of 1.78 and a current ratio of 4.19. The stock has a market cap of £111.65 million, a PE ratio of -113.26 and a beta of 0.69. Trifast has a 12-month low of GBX 56.20 and a 12-month high of GBX 95. The business has a 50-day moving average price of GBX 85.08 and a two-hundred day moving average price of GBX 75.54.

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.

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.