Shares of TI Fluid Systems PLC (LON:TIFS) reached a new 52-week low during mid-day trading on Wednesday after Goldman Sachs Group lowered their price target on the stock from GBX 330 to GBX 275. Goldman Sachs Group currently has a buy rating on the stock. TI Fluid Systems traded as low as GBX 184.60 ($2.41) and last traded at GBX 198.20 ($2.59), with a volume of 290765 shares trading hands. The stock had previously closed at GBX 198.60 ($2.60).

A number of other brokerages have also weighed in on TIFS. Deutsche Bank restated a “buy” rating on shares of TI Fluid Systems in a research note on Friday, August 31st. JPMorgan Chase & Co. upgraded TI Fluid Systems to an “overweight” rating and upped their target price for the stock from GBX 300 ($3.92) to GBX 370 ($4.83) in a research note on Tuesday, August 28th. Numis Securities restated a “buy” rating and issued a GBX 390 ($5.10) target price on shares of TI Fluid Systems in a research note on Thursday, August 9th. Peel Hunt restated a “buy” rating and issued a GBX 380 ($4.97) target price (up from GBX 370 ($4.83)) on shares of TI Fluid Systems in a research note on Wednesday, August 8th. Finally, Citigroup restated a “neutral” rating on shares of TI Fluid Systems in a research note on Friday, July 13th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 340.83 ($4.45).

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

About TI Fluid Systems (LON:TIFS)

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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