TI Fluid Systems PLC (LON:TIFS) declared 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 yield of 1.57%. The ex-dividend date is Thursday, August 15th. The official announcement can be viewed at this link.

Shares of TIFS stock opened at GBX 159 ($2.08) on Wednesday. The stock has a market cap of $832.43 million and a price-to-earnings ratio of 5.37. The company has a debt-to-equity ratio of 109.59, a current ratio of 1.87 and a quick ratio of 1.35. The stock has a fifty day moving average price of GBX 192.82. TI Fluid Systems has a 1 year low of GBX 153 ($2.00) and a 1 year high of GBX 293.80 ($3.84).

TIFS has been the subject of a number of research analyst 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 target price 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. JPMorgan Chase & Co. reduced their target price 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. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 335 ($4.38) price target (down from GBX 380 ($4.97)) on shares of TI Fluid Systems in a research report on Monday, August 5th. Five equities research analysts have rated the stock with a buy rating, TI Fluid Systems has a consensus rating of “Buy” and a consensus target price of GBX 275.80 ($3.60).

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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