Trifast PLC (LON:TRI) Shares Rise as N+1 Singer Reiterates “Buy” Rating

Trifast PLC (LON:TRI) Rating

In an analyst note published on Thursday morning, N+1 Singer maintained their “Buy” rating on shares of Trifast PLC (LON:TRI).

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 170 is the highest target while GBX 139 is the lowest. The GBX 156 average target is 2.63% above today’s (GBX 152) stock price. Trifast PLC has been the topic of 19 analyst reports since October 2, 2015 according to StockzIntelligence Inc. N+1 Singer maintained the stock on September 29 with “Buy” rating. N+1 Singer maintained it with “Buy” rating and GBX 139 target price in a November 10 report. Peel Hunt maintained the shares of TRI in a report on July 27 with “Buy” rating.

It is down 28.81% since February 29, 2016 and is uptrending. It has outperformed by 17.56% the S&P500.

Analysts await Thomson Reuters Corp (NYSE:TRI) to report earnings on October, 28. They expect $0.48 earnings per share, down 7.69% or $0.04 from last year’s $0.52 per share. TRI’s profit will be $356.42 million for 21.48 P/E if the $0.48 EPS becomes a reality. After $0.50 actual earnings per share reported by Thomson Reuters Corp for the previous quarter, Wall Street now forecasts -4.00% negative EPS growth.

Insitutional Activity: The institutional sentiment decreased to 0.9 in Q2 2016. Its down 0.03, from 0.93 in 2016Q1. The ratio dived, as 26 funds sold all Trifast plc shares owned while 110 reduced positions. 25 funds bought stakes while 97 increased positions. They now own 202.82 million shares or 6.65% less from 217.27 million shares in 2016Q1.

Montrusco Bolton Investments Inc. holds 5.63% of its portfolio in Trifast plc for 2.19 million shares. Altrinsic Global Advisors Llc owns 4.02 million shares or 4.57% of their US portfolio. Moreover, Nexus Investment Management Inc. has 3.35% invested in the company for 436,425 shares. The Quebec – Canada-based Letko Brosseau & Associates Inc has invested 2.65% in the stock. Beutel Goodman & Co Ltd., a Ontario – Canada-based fund reported 5.75 million shares.

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 180.61 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 17.89 P/E ratio. The Company’s geographical divisions include the United Kingdom, Europe, the United States and Asia.

According to Zacks Investment Research, “Thomson Corporation is a leading provider of value-added information and technology to users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare.”

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