Peel Hunt reissued their buy rating on shares of TI Fluid Systems (LON:TIFS) in a report published on Monday, ThisIsMoney.Co.Uk reports.
TIFS has been the subject of several other reports. Deutsche Bank restated a buy rating on shares of TI Fluid Systems in a research note on Friday, July 12th. Goldman Sachs Group reduced their price target on TI Fluid Systems from GBX 260 ($3.40) to GBX 234 ($3.06) and set a buy rating for the company in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. reduced their price target on TI Fluid Systems from GBX 240 ($3.14) to GBX 215 ($2.81) and set an overweight rating for the company in a research note on Friday, August 9th. Five analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and an average price target of GBX 275.80 ($3.60).
TIFS opened at GBX 192.20 ($2.51) on Monday. The business has a fifty day simple moving average of GBX 178.85 and a 200 day simple moving average of GBX 189.20. The company has a market capitalization of $999.96 million and a PE ratio of 6.49. TI Fluid Systems has a 1 year low of GBX 151.28 ($1.98) and a 1 year high of GBX 275 ($3.59). The company has a debt-to-equity ratio of 114.84, a current ratio of 1.82 and a quick ratio of 1.26.
The company also recently declared a dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, August 15th will be paid a €0.03 ($0.04) dividend. The ex-dividend date is Thursday, August 15th. This represents a yield of 1.57%. TI Fluid Systems’s dividend payout ratio (DPR) is presently 0.27%.
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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