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Trifast ( (GB:TRI) ) has provided an update.
Trifast PLC announced that Nicholas Mills, a Director of the company, has increased his stake by purchasing 5,000 Ordinary Shares at 71.75p each, bringing his total interest to 22,150,000 shares, which represents 16.27% of the company’s issued share capital. This transaction, conducted on the London Stock Exchange, signifies a significant investment by a key director, potentially impacting the company’s market perception and shareholder confidence.
The most recent analyst rating on (GB:TRI) stock is a Hold with a £77.00 price target. To see the full list of analyst forecasts on Trifast stock, see the GB:TRI Stock Forecast page.
Spark’s Take on GB:TRI Stock
According to Spark, TipRanks’ AI Analyst, GB:TRI is a Neutral.
Trifast’s overall stock score is driven by stable but challenging financial performance and bearish technical indicators. The high P/E ratio suggests overvaluation, which is a significant concern. The lack of earnings call data and corporate events limits further insights.
To see Spark’s full report on GB:TRI stock, click here.
More about Trifast
Trifast PLC operates in the manufacturing industry, specializing in the production and distribution of industrial fastenings and components. The company focuses on providing fastening solutions to various sectors, including automotive, electronics, and domestic appliances.
Average Trading Volume: 153,277
Technical Sentiment Signal: Sell
Current Market Cap: £94.39M
See more insights into TRI stock on TipRanks’ Stock Analysis page.