Trifast (LON:TRI) Insider Iain Percival Buys 123,757 Shares

Trifast plc (LON:TRI) insider Iain Percival purchased 123,757 shares of the company’s stock in a transaction on Monday, February 16th. The stock was purchased at an average price of GBX 80 per share, for a total transaction of £99,005.60.

Trifast Stock Performance

Shares of LON TRI opened at GBX 81 on Wednesday. Trifast plc has a 12-month low of GBX 56 and a 12-month high of GBX 88.80. The company has a market cap of £109.33 million, a PE ratio of 93.10 and a beta of 1.16. The stock has a 50 day simple moving average of GBX 74.47 and a 200-day simple moving average of GBX 76.93. The company has a current ratio of 3.46, a quick ratio of 1.78 and a debt-to-equity ratio of 48.54.

Trifast (LON:TRI) last posted its earnings results on Tuesday, November 18th. The company reported GBX 1.09 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.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TRI shares. Berenberg Bank restated a “buy” rating and set a GBX 130 price target on shares of Trifast in a research report 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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 135.

About Trifast

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.