Trifast plc (TRI) Stock Rating Reaffirmed by Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Trifast plc (LON:TRI) in a research note issued to investors on Thursday. Peel Hunt currently has a GBX 265 ($3.45) price objective on the stock.

A number of other research analysts have also recently commented on the stock. FinnCap reiterated a buy rating and set a GBX 254 ($3.31) price target on shares of Trifast plc in a research report on Tuesday, June 27th. N+1 Singer restated a buy rating and issued a GBX 230 ($3.00) target price on shares of Trifast plc in a report on Thursday, April 20th.

Trifast plc (LON TRI) traded down 1.38% during midday trading on Thursday, reaching GBX 215.00. 1,717 shares of the company traded hands. The company’s market capitalization is GBX 258.63 million. Trifast plc has a one year low of GBX 131.48 and a one year high of GBX 228.94. The stock’s 50 day moving average is GBX 220.46 and its 200 day moving average is GBX 215.60.

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The company also recently announced a dividend, which will be paid on Friday, October 13th. Stockholders of record on Thursday, September 14th will be issued a GBX 2.50 ($0.03) dividend. This is a boost from Trifast plc’s previous dividend of $1.00. The ex-dividend date is Thursday, September 14th. This represents a dividend yield of 1.12%.

About Trifast plc

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.