Peel Hunt reaffirmed their buy rating on shares of Trifast plc (LON:TRI) in a research note published on Thursday morning. Peel Hunt currently has a GBX 250 ($3.15) price objective on the stock.

Separately, FinnCap upped their target price on Trifast plc from GBX 225 ($2.83) to GBX 240 ($3.02) and gave the company a buy rating in a report on Thursday.

Shares of Trifast plc (LON:TRI) traded up 1.36% during midday trading on Thursday, hitting GBX 223.00. 74,255 shares of the stock were exchanged. The company’s market cap is GBX 262.23 million. The firm has a 50 day moving average of GBX 212.56 and a 200-day moving average of GBX 197.83. Trifast plc has a one year low of GBX 118.76 and a one year high of GBX 228.94.

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In other news, insider Malcolm Diamond sold 500,000 shares of the company’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of GBX 211 ($2.66), for a total value of £1,055,000 ($1,327,879.17).

Trifast plc Company Profile

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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