Dowlais Group (LON:DWL) Shares Up 1.4% – Time to Buy?

Shares of Dowlais Group plc (LON:DWL) were up 1.4% on Thursday . The company traded as high as GBX 66.80 ($0.82) and last traded at GBX 66.60 ($0.81). Approximately 2,783,927 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 2,982,377 shares. The stock had previously closed at GBX 65.65 ($0.80).

Wall Street Analysts Forecast Growth

DWL has been the topic of several recent research reports. Citigroup upgraded shares of Dowlais Group to a “neutral” rating and set a GBX 58 ($0.71) target price on the stock in a research report on Thursday, October 24th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 62 ($0.76) price objective on shares of Dowlais Group in a research note on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 94 ($1.15).

Dowlais Group Stock Down 2.5 %

The stock has a market capitalization of £879.50 million and a PE ratio of -174.78. The stock’s 50 day moving average price is GBX 59.72 and its 200-day moving average price is GBX 61.34.

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.