TI Fluid Systems PLC to Issue Dividend of €0.03 (LON:TIFS)
TI Fluid Systems PLC (LON:TIFS) announced a dividend on Thursday, August 8th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 15th will be paid a dividend of €0.03 ($0.04) per share on Friday, September 27th. This represents a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, August 15th. The official announcement can be seen at this link.
LON:TIFS opened at GBX 159 ($2.08) on Wednesday. The firm’s 50-day moving average is GBX 192.82. TI Fluid Systems has a 52-week low of GBX 153 ($2.00) and a 52-week high of GBX 293.80 ($3.84). The company has a quick ratio of 1.35, a current ratio of 1.87 and a debt-to-equity ratio of 109.59. The company has a market capitalization of $832.43 million and a price-to-earnings ratio of 5.37.
Several analysts have issued reports on the company. JPMorgan Chase & Co. cut 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 report on Friday, August 9th. Goldman Sachs Group lowered their price objective on TI Fluid Systems from GBX 260 ($3.40) to GBX 234 ($3.06) and set a “buy” rating on the stock in a research report on Tuesday, July 16th. Peel Hunt restated a “buy” rating and issued a GBX 335 ($4.38) price objective (down from GBX 380 ($4.97)) on shares of TI Fluid Systems in a research report on Monday, August 5th. Finally, Deutsche Bank restated a “buy” rating on shares of TI Fluid Systems in a research report on Friday, July 12th. Five equities research analysts have rated the stock with a buy rating, TI Fluid Systems has an average rating of “Buy” and a consensus price target of GBX 275.80 ($3.60).
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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