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

Trifast (LON:TRI)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have a GBX 140 target price on the stock. Berenberg Bank’s price target points to a potential upside of 66.67% from the company’s current price.

Trifast Stock Performance

Shares of Trifast stock opened at GBX 84 on Tuesday. The firm has a market cap of £113.44 million, a PE ratio of -115.07 and a beta of 0.69. The firm’s 50-day simple moving average is GBX 85.59 and its 200-day simple moving average is GBX 75.81. The company has a debt-to-equity ratio of 59.09, a quick ratio of 1.78 and a current ratio of 4.19. Trifast has a 1 year low of GBX 56.20 and a 1 year high of GBX 95.

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.