Jefferies Financial Group Trims Dowlais Group (LON:DWL) Target Price to GBX 110

Dowlais Group (LON:DWL) had its price target dropped by research analysts at Jefferies Financial Group from GBX 135 ($1.73) to GBX 110 ($1.41) in a research report issued on Friday, LSE.Co.UK reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 54.49% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. JPMorgan Chase & Co. decreased their target price on Dowlais Group from GBX 100 ($1.28) to GBX 90 ($1.15) and set a “neutral” rating on the stock in a research report on Monday, July 1st. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 150 ($1.92) target price on shares of Dowlais Group in a research report on Friday, March 22nd.

Dowlais Group Stock Performance

Shares of Dowlais Group stock traded down GBX 2.55 ($0.03) on Friday, hitting GBX 71.20 ($0.91). 4,399,394 shares of the company traded hands, compared to its average volume of 7,464,552. Dowlais Group has a 52 week low of GBX 67.93 ($0.87) and a 52 week high of GBX 128.20 ($1.64). The business has a 50-day simple moving average of GBX 73.30 and a 200 day simple moving average of GBX 83.06. The stock has a market capitalization of £982.56 million and a P/E ratio of -197.78.

Insider Buying and Selling at Dowlais Group

In other news, insider Shali Vasudeva acquired 24,215 shares of the company’s stock in a transaction on Monday, April 15th. The stock was bought at an average cost of GBX 82 ($1.05) per share, with a total value of £19,856.30 ($25,433.97). In other news, insider Shali Vasudeva purchased 24,215 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was purchased at an average cost of GBX 82 ($1.05) per share, with a total value of £19,856.30 ($25,433.97). Also, insider Celia Baxter acquired 26,566 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was purchased at an average cost of GBX 75 ($0.96) per share, with a total value of £19,924.50 ($25,521.33). Company insiders own 1.71% of the company’s stock.

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.