Dowlais Group (LON:DWL) Stock Price Up 1.4% – What’s Next?

Shares of Dowlais Group plc (LON:DWL) shot up 1.4% during mid-day trading on Thursday . The company traded as high as GBX 66.80 ($0.82) and last traded at GBX 66.60 ($0.81). 2,783,927 shares changed hands during trading, a decline of 7% from the average session volume of 2,982,377 shares. The stock had previously closed at GBX 65.65 ($0.80).

Analyst Ratings Changes

DWL has been the subject of several research reports. Berenberg Bank reissued a “hold” rating and issued a GBX 62 ($0.76) target price on shares of Dowlais Group in a research note on Monday, November 25th. Citigroup raised Dowlais Group to a “neutral” rating and set a GBX 58 ($0.71) price objective for the company in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 94 ($1.15).

Dowlais Group Trading Down 2.5 %

The stock’s 50-day simple moving average is GBX 59.72 and its 200-day simple moving average is GBX 61.34. The stock has a market cap of £879.50 million and a price-to-earnings ratio of -174.78.

Dowlais Group Company Profile

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.