Dowlais Group (LON:DWL) Stock Price Up 7.7% – Still a Buy?

Shares of Dowlais Group plc (LON:DWL) were up 7.7% during trading on Wednesday . The stock traded as high as GBX 76 ($0.94) and last traded at GBX 73.60 ($0.91). Approximately 100,944,828 shares were traded during mid-day trading, an increase of 386% from the average daily volume of 20,770,328 shares. The stock had previously closed at GBX 68.35 ($0.85).

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DWL shares. Berenberg Bank restated a “hold” rating and set a GBX 62 ($0.77) price target on shares of Dowlais Group in a report on Monday, November 25th. Citigroup raised Dowlais Group to a “neutral” rating and set a GBX 58 ($0.72) price target for the company in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 94 ($1.17).

Dowlais Group Trading Down 0.5 %

The company’s fifty day moving average is GBX 64.30 and its 200-day moving average is GBX 60.88. The firm has a market capitalization of £974.44 million and a P/E ratio of -193.65.

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.