Dowlais Group (LON:DWL) Sets New 52-Week High – What’s Next?

Dowlais Group plc (LON:DWL) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 92.90 and last traded at GBX 92.90, with a volume of 4093073 shares traded. The stock had previously closed at GBX 82.90.

Analyst Upgrades and Downgrades

Several analysts have commented on DWL shares. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 77 price objective on shares of Dowlais Group in a research note on Wednesday, September 10th. Jefferies Financial Group reissued a “hold” rating and set a GBX 75 target price on shares of Dowlais Group in a research note on Thursday, August 7th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, Dowlais Group presently has an average rating of “Hold” and an average price target of GBX 71.33.

Dowlais Group Stock Performance

The company’s 50-day simple moving average is GBX 80.22 and its 200 day simple moving average is GBX 72.83. The company has a market cap of £1.22 billion and a PE ratio of -14.52.

Dowlais Group (LON:DWL) last issued its earnings results on Thursday, August 7th. The company reported GBX 5.60 earnings per share for the quarter. Dowlais Group had a negative net margin of 11.24% and a negative return on equity of 21.02%. Analysts forecast that Dowlais Group plc will post 13.5660848 EPS for the current year.

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.