Brokerages Set TI Fluid Systems PLC (TIFS) Target Price at $315.00

Shares of TI Fluid Systems PLC (LON:TIFS) have been given an average rating of “Buy” by the seven ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 315 ($4.12).

TIFS has been the topic of several recent research reports. Peel Hunt reaffirmed a “buy” rating on shares of TI Fluid Systems in a research note on Wednesday, May 15th. Deutsche Bank reaffirmed a “buy” rating and set a GBX 350 ($4.57) target price on shares of TI Fluid Systems in a research note on Monday, May 20th. Finally, HSBC lifted their target price on shares of TI Fluid Systems from GBX 235 ($3.07) to GBX 245 ($3.20) and gave the stock a “buy” rating in a research note on Tuesday, February 12th.

LON TIFS traded up GBX 2 ($0.03) on Friday, hitting GBX 181 ($2.37). The company had a trading volume of 168,647 shares, compared to its average volume of 251,273. The firm has a market cap of $941.69 million and a PE ratio of 6.11. The company has a debt-to-equity ratio of 109.59, a quick ratio of 1.35 and a current ratio of 1.87. TI Fluid Systems has a 12-month low of GBX 153 ($2.00) and a 12-month high of GBX 293.80 ($3.84).

The firm also recently announced a dividend, which was paid on Friday, May 31st. Shareholders of record on Thursday, April 25th were paid a dividend of €0.06 ($0.07) per share. This represents a yield of 2.66%. The ex-dividend date was Thursday, April 25th. This is a boost from TI Fluid Systems’s previous dividend of $0.03. TI Fluid Systems’s payout ratio is 0.30%.

About TI Fluid Systems

TI Fluid Systems plc manufactures and supplies automotive fluid storage, carrying, and delivery systems for the light duty automotive market worldwide. The company operates through two segments, Fluid Carrying Systems, and Fuel Tank and Delivery Systems. The Fluid Carrying Systems segment offers brake and fuel lines/chassis bundles, such as double-wall and single-wall steel fluid carrying lines and bundles for brake and fuel systems; multi-layer plastic lines for vapor, thermal management, and exhaust treatment; sensor-integrated connectors for installation and system assembly; and heated plastic lines for selective catalyst reduction urea fluids.

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Analyst Recommendations for TI Fluid Systems (LON:TIFS)

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