Dowlais Group (LON:DWL) Reaches New 12-Month High – Still a Buy?

Dowlais Group plc (LON:DWL) shares reached a new 52-week high on Thursday . The stock traded as high as GBX 86.55 and last traded at GBX 86.30, with a volume of 3837768 shares. The stock had previously closed at GBX 84.60.

Wall Street Analysts Forecast Growth

DWL has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 77 price objective on shares of Dowlais Group in a research note on Wednesday, September 10th. Peel Hunt restated a “hold” rating and issued a GBX 80 target price on shares of Dowlais Group in a report on Tuesday, November 11th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 77.33.

Dowlais Group Stock Up 1.7%

The company has a market capitalization of £1.13 billion and a P/E ratio of -13.45. The business’s 50-day moving average is GBX 82.09 and its two-hundred day moving average is GBX 76.62.

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.