Trifast plc 44.6% potential upside indicated by Liberum Capital

Trifast plc with ticker (LON:TRI) now has a potential upside of 44.6% according to Liberum Capital.



Liberum Capital set a target price of 260 GBX for the company, which when compared to the Trifast plc share price of 144 GBX at opening today (25/11/2021) indicates a potential upside of 44.6%. Trading has ranged between 121 (52 week low) and 170 (52 week high) with an average of 336,290 shares exchanging hands daily. The market capitalisation at the time of writing is £195,220,844.

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. Its geographical segments include the United Kingdom, Europe, the United States and Asia. It owns a range of fastener solutions for specific industries and applications, including fasteners for sheet metal, fasteners for plastic, security fasteners, thread-locking nuts and micro-diameter fasteners. Its brands include Pozidriv, Polymate, Binx and Hank. Its products are used in various markets, such as automotive, electronics/telecoms and domestic appliances. It operates in Norway, Sweden, Hungary, Ireland, Holland, Italy, Germany, Poland, Malaysia, China, Singapore, Taiwan, Thailand and India. Its subsidiaries include Trifast Overseas Holdings Ltd and TR Formac Fastenings Private Ltd.