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

Dowlais Group plc (LON:DWL) shot up 1.4% during mid-day trading on Thursday . The stock 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

Several research analysts have recently commented on the company. Berenberg Bank reiterated a “hold” rating and issued a GBX 62 ($0.76) price objective on shares of Dowlais Group in a report on Monday, November 25th. Citigroup upgraded shares of Dowlais Group to a “neutral” rating and set a GBX 58 ($0.71) price objective on the stock in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 94 ($1.15).

Dowlais Group Stock Performance

The firm’s fifty day moving average is GBX 59.72 and its two-hundred day moving average is GBX 61.34. The company has a market cap of £879.50 million and a P/E ratio of -174.78.

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.