Dowlais Group (LON:DWL) Trading 1.4% Higher – Time to Buy?

Shares of Dowlais Group plc (LON:DWL) traded up 1.4% 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 traded hands during mid-day 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).

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DWL. Citigroup raised shares of Dowlais Group to a “neutral” rating and set a GBX 58 ($0.71) price target on the stock in a report on Thursday, October 24th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 62 ($0.76) target price on shares of Dowlais Group in a research report on Monday, November 25th. Three 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, the stock has an average rating of “Hold” and an average price target of GBX 94 ($1.15).

Dowlais Group Stock Down 2.5 %

The firm has a 50 day moving average of GBX 59.72 and a 200 day moving average of GBX 61.34. The firm 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.