18 Feb 2021
Trifast - Positive Q3 trading update
The trading update covers Trifast’s Q3 period and up to date, prior to its March year-end, and signals that FY revenues should be slightly ahead of market expectations. It also commits to reinstating dividends at the FY results. As such, we are upgrading revenues by 3% and EPS by 7.3%. We maintain our price target at 175p, which offers decent upside to current levels. The shares have been subdued of late but still offer good recovery prospects.
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Trifast - Positive Q3 trading update
Trifast plc (TRI:LON) | 76.0 0 0.0% | Mkt Cap: 103.4m
- Published:
18 Feb 2021 -
Author:
David Buxton -
Pages:
4
The trading update covers Trifast’s Q3 period and up to date, prior to its March year-end, and signals that FY revenues should be slightly ahead of market expectations. It also commits to reinstating dividends at the FY results. As such, we are upgrading revenues by 3% and EPS by 7.3%. We maintain our price target at 175p, which offers decent upside to current levels. The shares have been subdued of late but still offer good recovery prospects.