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TI Fluid Systems Share News (TIFS)
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- This share is currently suspended. It was suspended at a price of 199.60
- There is currently no data for TIFS
TI Fluid Systems tumbles after Jefferies downgrade
(Sharecast News) - TI Fluid Systems tumbled on Thursday after Jefferies downgraded the shares to 'hold' from 'buy' and slashed the price target to 195p from 350p.
Jefferies said conditions faced by the automotive parts maker were among the most difficult in its coverage.
The bank said that while the long-term equity story remains attractive, 2022 will be "another highly challenging year".
Jefferies also said the company's ability to recover raw material and inflationary costs from customers in FY22 is lower than expected, while expectations on electrification upside "may be too high".
At 0925 BST, the shares were down 11% at 161.20p.
Latest TIFS News
- IN BRIEF: Court approves takeover of TI Fluid by ABC Technologies
8 Apr 2025 - UK shareholder meetings calendar - next 7 days
1 Apr 2025 - TI Fluid pays no final dividend ahead of ABC takeover, as profit falls
11 Mar 2025 - TI Fluid FY profits weighed down by restructuring costs, exceptional charge
11 Mar 2025 - UK shareholder meetings calendar - next 7 days
29 Jan 2025 - LONDON MARKET CLOSE: FTSE 100 ekes out small gain as New York prospers
29 Nov 2024 - London close: Stocks finish November on flat note
29 Nov 2024 - LONDON MARKET MIDDAY: FTSE 100 flat; "takeover juggernaut" lifts 250s
29 Nov 2024
Related News
IN BRIEF: Court approves takeover of TI Fluid by ABC Technologies
TI Fluid Systems PLC - Oxford, England-based manufacturer of thermal management and fluid handling systems - Court sanctions takeover by ABC Technolog...
TI Fluid pays no final dividend ahead of ABC takeover, as profit falls
(Alliance News) - TI Fluid Systems PLC on Tuesday said profit fell during 2024 despite a rise in revenue, and it will pay no final dividend due to its...
TI Fluid Systems News
IN BRIEF: Court approves takeover of TI Fluid by ABC Technologies
TI Fluid Systems PLC - Oxford, England-based manufacturer of thermal management and fluid handling systems - Court sanctions takeover by ABC Technolog...
TI Fluid pays no final dividend ahead of ABC takeover, as profit falls
(Alliance News) - TI Fluid Systems PLC on Tuesday said profit fell during 2024 despite a rise in revenue, and it will pay no final dividend due to its...
TI Fluid FY profits weighed down by restructuring costs, exceptional charge
(Sharecast News) - Automotive fluid storage business TI Fluid Systems said on Tuesday that statutory operating profits had sunk in FY24 due to higher ...
LONDON MARKET CLOSE: FTSE 100 ekes out small gain as New York prospers
(Alliance News) - The FTSE 100 pushed higher in late trading to close narrowly in the green as US markets made ground in a shortened session.
London close: Stocks finish November on flat note
(Sharecast News) - London's equity markets ended just above the waterline on Friday, as investors processed a raft of UK economic data and development...
LONDON MARKET MIDDAY: FTSE 100 flat; "takeover juggernaut" lifts 250s
(Alliance News) - Stock prices in London were a touch higher on Friday, with the FTSE 100 more or less treading water, as trade lacked conviction on a...
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