Peel Hunt Reiterates Buy Rating for Trifast (LON:TRI)

Trifast (LON:TRI)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a research report issued on Monday, ThisIsMoney.Co.Uk reports.

Several other analysts also recently issued reports on the stock. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research report on Tuesday, June 11th. Berenberg Bank upgraded to a “buy” rating and raised their price objective for the stock from GBX 560 ($7.32) to GBX 590 ($7.71) in a research note on Thursday, July 4th. Finally, FinnCap restated a “corporate” rating on shares of Iomart Group in a research note on Tuesday, June 11th.

LON TRI opened at GBX 223 ($2.91) on Monday. Trifast has a 12 month low of GBX 163 ($2.13) and a 12 month high of GBX 248 ($3.24). The company’s 50-day moving average is GBX 229.22. The company has a debt-to-equity ratio of 32.50, a quick ratio of 1.10 and a current ratio of 1.90. The firm has a market cap of $271.87 million and a P/E ratio of 22.53.

About Trifast

Trifast plc, together with its subsidiaries, designs, manufactures, and distributes mechanical fasteners and category C components to distributors and original equipment manufacturer assemblers. It offers screws and bolts, nuts, washers, circlips, seals, rings, spacers, pillars, security fasteners, pins and keys, tooling and driver bits, and fasteners for sheet metal and plastic, as well as enclosure, plastic, and other hardware products.

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