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Trifast ( (GB:TRI) ) has provided an update.
Trifast PLC announced that all resolutions proposed at its Annual General Meeting were passed, including the approval of the company’s annual report, financial statements, and a final dividend of 1.20p per share. The meeting also saw the election and re-election of several directors, and the appointment of RSM UK Audit LLP as the company’s auditor. These decisions reflect strong shareholder support and are expected to positively impact the company’s governance and financial strategies.
The most recent analyst rating on (GB:TRI) stock is a Buy with a £1.30 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 reflects a stable financial performance with improved operational efficiency but challenges in revenue growth and cash flow. Positive technical momentum and insider confidence through share purchases are strong positives. However, a high P/E ratio raises valuation concerns.
To see Spark’s full report on GB:TRI stock, click here.
More about Trifast
Trifast PLC operates in the fastenings industry, providing a wide range of fastening solutions to various sectors including automotive, electronics, and domestic appliances. The company focuses on delivering high-quality products and services to meet the specific needs of its diverse customer base.
Average Trading Volume: 179,060
Technical Sentiment Signal: Buy
Current Market Cap: £118.1M
Find detailed analytics on TRI stock on TipRanks’ Stock Analysis page.