Dowlais Group (LON:DWL) Shares Up 1.4% – Should You Buy?

Dowlais Group plc (LON:DWL)’s share price rose 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 ($0.82). Approximately 2,783,927 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 2,982,377 shares. The stock had previously closed at GBX 65.65 ($0.81).

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Berenberg Bank restated a “hold” rating and issued a GBX 62 ($0.76) price target on shares of Dowlais Group in a research note on Monday, November 25th. Citigroup upgraded shares of Dowlais Group to a “neutral” rating and set a GBX 58 ($0.71) target price on the stock 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 94 ($1.16).

Dowlais Group Stock Down 1.1 %

The stock’s fifty day simple moving average is GBX 59.43 and its 200 day simple moving average is GBX 61.32. The firm has a market capitalization of £892.16 million and a PE ratio of -177.30.

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.