TI Fluid Systems (TIFS) Price Target Raised to GBX 245 at HSBC

TI Fluid Systems (LON:TIFS) had its price target upped by investment analysts at HSBC from GBX 235 ($3.07) to GBX 245 ($3.20) in a report issued on Tuesday. The brokerage currently has a “buy” rating on the stock. HSBC’s price target points to a potential upside of 37.95% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Peel Hunt restated a “buy” rating on shares of TI Fluid Systems in a report on Monday. JPMorgan Chase & Co. restated an “overweight” rating on shares of TI Fluid Systems in a report on Tuesday, January 29th. Deutsche Bank restated a “buy” rating on shares of TI Fluid Systems in a report on Friday, November 9th. Finally, Goldman Sachs Group dropped their price objective on TI Fluid Systems from GBX 330 ($4.31) to GBX 275 ($3.59) and set a “buy” rating on the stock in a report on Wednesday, October 17th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. TI Fluid Systems has an average rating of “Buy” and an average target price of GBX 304.29 ($3.98).

Shares of LON:TIFS opened at GBX 177.60 ($2.32) on Tuesday. TI Fluid Systems has a one year low of GBX 227 ($2.97) and a one year high of GBX 274 ($3.58).

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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