Dowlais Group (LON:DWL) Hits New 12-Month High After Analyst Upgrade

Shares of Dowlais Group plc (LON:DWL) hit a new 52-week high on Wednesday after Royal Bank Of Canada raised their price target on the stock from GBX 85 to GBX 94. Royal Bank Of Canada currently has a sector perform rating on the stock. Dowlais Group traded as high as GBX 96.90 and last traded at GBX 96.35, with a volume of 5352084 shares traded. The stock had previously closed at GBX 93.

Separately, Peel Hunt restated a “hold” rating and set a GBX 80 price target on shares of Dowlais Group in a report on Tuesday, November 11th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Dowlais Group presently has a consensus rating of “Hold” and a consensus price target of GBX 83.

Dowlais Group Price Performance

The stock has a 50-day moving average price of GBX 85.59 and a 200-day moving average price of GBX 80.22. The company has a market capitalization of £1.27 billion and a P/E ratio of -15.16.

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. The company is also involved in the production of metal powders and powder metal parts for the automotive and industrial sectors, as well as the provision of hydrogen storage solutions.