Trifast (TRI) Hits New 52-Week High at $256.00

Trifast plc (LON:TRI)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 256 ($3.60) and last traded at GBX 253 ($3.55), with a volume of 227893 shares changing hands. The stock had previously closed at GBX 253 ($3.55).

TRI has been the topic of several research reports. Berenberg Bank initiated coverage on Trifast in a research report on Tuesday, December 12th. They set a “buy” rating and a GBX 275 ($3.86) price target on the stock. FinnCap reissued a “buy” rating and set a GBX 254 ($3.57) price target on shares of Trifast in a research report on Friday, October 27th. Peel Hunt upped their price target on Trifast from GBX 265 ($3.72) to GBX 275 ($3.86) and gave the company a “buy” rating in a research report on Tuesday, November 14th. Finally, N+1 Singer lowered Trifast to a “hold” rating in a research report on Tuesday, November 14th.

The stock has a market cap of $300.41 and a PE ratio of 2,083.33.

The company also recently declared a dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 15th will be given a dividend of GBX 1.10 ($0.02) per share. This represents a dividend yield of 0.45%. The ex-dividend date is Thursday, March 15th.

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About Trifast

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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