Key Points
- Nicholas Mills, an insider, purchased 20,000 shares of Trifast at GBX 70 on January 7, for a total of £14,000.
- Analysts hold a consensus Buy on the stock with an average target of GBX 135 (Berenberg GBX 130, Peel Hunt GBX 140).
- Trifast is a small-cap (£95.8m) with a high PE (81.6) and negative profitability (net margin -1.9%, negative ROE); the share trades around GBX 71 versus 50/200-day SMAs of GBX 72.97/75.88.
Trifast plc (LON:TRI - Get Free Report) insider Nicholas Mills purchased 20,000 shares of the company's stock in a transaction on Wednesday, January 7th. The stock was purchased at an average price of GBX 70 per share, for a total transaction of £14,000.
Trifast Stock Performance
Shares of LON TRI opened at GBX 71 on Friday. The stock has a 50 day simple moving average of GBX 72.97 and a 200-day simple moving average of GBX 75.88. The company has a current ratio of 3.46, a quick ratio of 1.78 and a debt-to-equity ratio of 48.54. The company has a market cap of £95.83 million, a PE ratio of 81.61 and a beta of 1.16. Trifast plc has a 12-month low of GBX 56 and a 12-month high of GBX 88.80.
Trifast (LON:TRI - Get Free Report) last announced its quarterly earnings results on Tuesday, November 18th. The company reported GBX 1.09 earnings per share (EPS) for the quarter. Trifast had a negative return on equity of 3.47% and a negative net margin of 1.90%. On average, equities research analysts forecast that Trifast plc will post 5.8002937 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities analysts have commented on TRI shares. Berenberg Bank reissued a "buy" rating and set a GBX 130 target price on shares of Trifast in a research note on Tuesday, November 18th. Peel Hunt reissued a "buy" rating and set a GBX 140 target price on shares of Trifast in a report on Tuesday, November 18th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of GBX 135.
Check Out Our Latest Stock Analysis on TRI
About Trifast
(
Get Free Report)
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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