Dowlais Group (LON:DWL) Hits New 1-Year High – Time to Buy?

Dowlais Group plc (LON:DWL) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 86 and last traded at GBX 85.25, with a volume of 898336 shares. The stock had previously closed at GBX 85.40.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Peel Hunt reaffirmed a “hold” rating and set a GBX 80 price target on shares of Dowlais Group in a research report on Tuesday, November 11th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 75 price target on shares of Dowlais Group in a research note on Thursday, August 7th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 77 price target on shares of Dowlais Group in a report on Wednesday, September 10th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Dowlais Group currently has an average rating of “Hold” and an average target price of GBX 77.33.

Dowlais Group Price Performance

The business has a 50 day simple moving average of GBX 81.20 and a 200 day simple moving average of GBX 75.10. The company has a market capitalization of £1.12 billion and a price-to-earnings ratio of -13.30.

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.