Goldman Sachs Group Cuts TI Fluid Systems (TIFS) Price Target to GBX 275

TI Fluid Systems (LON:TIFS) had its price objective reduced by Goldman Sachs Group from GBX 330 ($4.31) to GBX 275 ($3.59) in a research note issued to investors on Wednesday. They currently have a buy rating on the stock.

A number of other analysts also recently issued reports on the company. Deutsche Bank reaffirmed a buy rating on shares of TI Fluid Systems in a research report on Friday, August 31st. JPMorgan Chase & Co. raised TI Fluid Systems to an overweight rating and lifted their target price for the company from GBX 300 ($3.92) to GBX 370 ($4.83) in a research report on Tuesday, August 28th. Numis Securities reaffirmed a buy rating and issued a GBX 390 ($5.10) target price on shares of TI Fluid Systems in a research report on Thursday, August 9th. Peel Hunt reaffirmed a buy rating and issued a GBX 380 ($4.97) target price (up previously from GBX 370 ($4.83)) on shares of TI Fluid Systems in a research report on Wednesday, August 8th. Finally, Citigroup reissued a neutral rating on shares of TI Fluid Systems in a research report on Friday, July 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. TI Fluid Systems currently has an average rating of Buy and a consensus target price of GBX 340.83 ($4.45).

LON:TIFS opened at GBX 192.90 ($2.52) on Wednesday. TI Fluid Systems has a 52-week low of GBX 227 ($2.97) and a 52-week high of GBX 274 ($3.58).

The firm also recently declared a dividend, which was paid on Friday, September 28th. Shareholders of record on Thursday, August 16th were given a dividend of €0.03 ($0.04) per share. This represents a yield of 1.01%. The ex-dividend date of this dividend was Thursday, August 16th. This is an increase from TI Fluid Systems’s previous dividend of $0.01.

TI Fluid Systems Company Profile

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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