TI Fluid Systems (LON:TIFS) Rating Lowered to Neutral at Citigroup
TI Fluid Systems (LON:TIFS) was downgraded by research analysts at Citigroup to a “neutral” rating in a research note issued on Tuesday, Stock Target Advisor reports. They presently have a GBX 140 ($1.84) price objective on the stock, down from their prior price objective of GBX 294 ($3.87). Citigroup‘s price target points to a potential upside of 9.38% from the stock’s current price.
Other research analysts have also issued research reports about the company. Peel Hunt reiterated a “buy” rating and set a GBX 335 ($4.41) price target on shares of TI Fluid Systems in a research report on Wednesday, January 8th. Peel Hunt reiterated a “buy” rating and set a GBX 200 ($2.63) price target (down previously from GBX 335 ($4.41)) on shares of TI Fluid Systems in a research report on Tuesday. Finally, Goldman Sachs Group boosted their price target on TI Fluid Systems from GBX 285 ($3.75) to GBX 286 ($3.76) and gave the stock a “buy” rating in a research report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 244.33 ($3.21).
TIFS stock traded up GBX 5.20 ($0.07) during trading on Tuesday, reaching GBX 128 ($1.68). 724,754 shares of the company’s stock were exchanged, compared to its average volume of 251,273. The company has a quick ratio of 1.26, a current ratio of 1.82 and a debt-to-equity ratio of 114.84. TI Fluid Systems has a 1-year low of GBX 151.28 ($1.99) and a 1-year high of GBX 282 ($3.71). The company’s fifty day moving average price is GBX 209.23 and its 200-day moving average price is GBX 213.52. The firm has a market cap of $665.94 million and a PE ratio of 4.32.
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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