Dowlais Group (LON:DWL) Posts Quarterly Earnings Results

Dowlais Group (LON:DWL) issued its earnings results on Wednesday. The company reported GBX 11.40 ($0.15) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Dowlais Group had a negative return on equity of 21.02% and a negative net margin of 11.24%.

Dowlais Group Stock Down 1.0 %

Dowlais Group stock traded down GBX 0.70 ($0.01) during midday trading on Friday, reaching GBX 68.05 ($0.88). 2,434,673 shares of the stock traded hands, compared to its average volume of 12,522,780. The stock has a market cap of £920.24 million and a P/E ratio of -1.79. The stock’s fifty day moving average is GBX 68.67 and its 200-day moving average is GBX 61.86. Dowlais Group has a 12 month low of GBX 47.32 ($0.61) and a 12 month high of GBX 94.68 ($1.22).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “hold” rating and set a GBX 62 ($0.80) price objective on shares of Dowlais Group in a report on Monday, November 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dowlais Group presently has an average rating of “Hold” and a consensus target price of GBX 94 ($1.21).

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.