Dowlais Group plc (LON:DWL – Get Free Report)’s stock price reached a new 52-week low on Wednesday . The company traded as low as GBX 47.78 ($0.62) and last traded at GBX 47.84 ($0.62), with a volume of 9046212 shares trading hands. The stock had previously closed at GBX 48.14 ($0.63).
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on DWL. Jefferies Financial Group dropped their target price on shares of Dowlais Group from GBX 135 ($1.76) to GBX 110 ($1.43) and set a “buy” rating on the stock in a research note on Friday, July 12th. Citigroup upgraded Dowlais Group to a “neutral” rating and set a GBX 58 ($0.76) target price on the stock in a research note on Thursday, October 24th.
View Our Latest Report on Dowlais Group
Dowlais Group Trading Down 3.3 %
Dowlais Group Cuts Dividend
The firm also recently declared a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, August 29th were paid a GBX 1.40 ($0.02) dividend. The ex-dividend date was Thursday, August 29th. This represents a yield of 2.28%. Dowlais Group’s payout ratio is presently -1,081.08%.
Insider Activity
In other Dowlais Group news, insider Roberto Fioroni bought 83,925 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of GBX 59 ($0.77) per share, with a total value of £49,515.75 ($64,456.85). Company insiders own 1.78% of the company’s stock.
About Dowlais Group
Dowlais Group Plc manufactures and sells automotive parts in the Americas, Europe, and Asia. The company engages in developing, manufacturing, and supplying automotive drive systems for conventional and electric vehicles. It manufactures sideshafts, propshafts, and constant velocity joints for passenger vehicles; and AWD systems and eDrive systems, as well as provides component solutions to systems, including control software.
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