The stock of Trifast plc (LON:TRI) hit a new 52-week high and has GBX 452.43 target or 151.00% above today’s GBX 180.25 share price. The 7 months bullish chart indicates low risk for the GBX 214.18 million company. The 1-year high was reported on Nov, 8 by Barchart.com. If the GBX 452.43 price target is reached, the company will be worth GBX 323.41M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 4.04% or GBX 7 on November 8, hitting GBX 180.25. About 449,736 shares traded hands or 312.02% up from the average. Trifast plc (LON:TRI) has risen 33.27% since April 8, 2016 and is uptrending. It has outperformed by 31.31% the S&P500.
Trifast plc (LON:TRI) Ratings Coverage
Out of 4 analysts covering Trifast PLC (LON:TRI), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 210 is the highest target while GBX 139 is the lowest. The GBX 181.25 average target is 0.55% above today’s (GBX 180.25) stock price. Trifast PLC has been the topic of 28 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Trifast plc (LON:TRI) has “Buy” rating given on Wednesday, September 16 by N+1 Singer. The company was maintained on Tuesday, November 10 by Peel Hunt. Peel Hunt maintained the shares of TRI in a report on Thursday, January 7 with “Buy” rating. The stock has “Buy” rating given by FinnCap on Tuesday, February 16. The stock has “Buy” rating given by Peel Hunt on Tuesday, November 8. On Wednesday, July 27 the stock rating was maintained by Peel Hunt with “Buy”. The stock of Trifast plc (LON:TRI) has “Buy” rating given on Tuesday, November 10 by FinnCap. As per Friday, December 4, the company rating was maintained by FinnCap. The stock has “Buy” rating given by FinnCap on Tuesday, June 14. N+1 Singer maintained Trifast plc (LON:TRI) on Tuesday, November 10 with “Buy” rating.
More recent Trifast plc (LON:TRI) news were published by: Prnewswire.com which released: “Trifast Plc (LSE: Main Market Symbol TRI) Releases Half-year Results” on November 08, 2016. Also Fool.Co.Uk published the news titled: “4 smoking small caps for shrewd investors! Avon Rubber plc, Trifast plc …” on May 04, 2016. Fool.Co.Uk‘s news article titled: “Should You Buy BP plc, Trifast plc Or Thomas Cook Group plc?” with publication date: June 16, 2015 was also an interesting one.
Trifast plc is a manufacturer and distributor of industrial fastenings and category C components to a range of industries and customers. The company has a market cap of 214.18 million GBP. The Firm designs, makes and distributes mechanical fasteners on a global basis to both distributors and to original equipment maker assemblers. It has a 21.21 P/E ratio. The Company’s geographical divisions include the United Kingdom, Europe, the United States and Asia.
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