Trifast (TRI) Price Target Raised to GBX 285

Trifast (LON:TRI) had its target price hoisted by Peel Hunt from GBX 275 ($3.86) to GBX 285 ($4.00) in a report released on Thursday. The firm currently has a buy rating on the stock.

Separately, Berenberg Bank initiated coverage on Trifast in a research report on Tuesday, December 12th. They issued a buy rating and a GBX 275 ($3.86) target price on the stock.

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TRI opened at GBX 259 ($3.64) on Thursday. Trifast has a one year low of GBX 191.75 ($2.69) and a one year high of GBX 264 ($3.71).

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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, plastic hardware, washers, circlips, seals, rings, spacers, pillars, pins and keys, and tooling and driver bit products; fasteners for specific industries and applications, such as fasteners for sheet metal and plastic; and security fasteners.

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