Trifast (TRI) Sets New 1-Year High at $252.00
Trifast plc (LON:TRI) shares hit a new 52-week high on Thursday . The company traded as high as GBX 252 ($3.39) and last traded at GBX 251.44 ($3.38), with a volume of 28523 shares trading hands. The stock had previously closed at GBX 245 ($3.30).
TRI has been the topic of a number of research reports. FinnCap reissued a “buy” rating and issued a GBX 254 ($3.42) price objective on shares of Trifast in a report on Friday, October 27th. N+1 Singer lowered Trifast to a “hold” rating in a report on Tuesday, November 14th. Peel Hunt increased their price objective on Trifast from GBX 265 ($3.57) to GBX 275 ($3.70) and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, Berenberg Bank initiated coverage on Trifast in a report on Tuesday. They issued a “buy” rating and a GBX 275 ($3.70) price objective on the stock.
The company also recently disclosed a dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 15th will be issued a GBX 1.10 ($0.01) dividend. This represents a dividend yield of 0.45%. The ex-dividend date is Thursday, March 15th.
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Trifast plc is a manufacturer and distributor of industrial fastenings and category C components to a range of industries and customers. The Company designs, manufactures and distributes mechanical fasteners on a global basis to both distributors and to original equipment manufacturer (OEM) assemblers.
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