Royal Bank Of Canada Raises Dowlais Group (LON:DWL) Price Target to GBX 94

Dowlais Group (LON:DWL) had its price objective increased by stock analysts at Royal Bank Of Canada from GBX 85 to GBX 94 in a research note issued on Tuesday, MarketBeat.com reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential downside of 2.79% from the stock’s previous close.

Separately, Peel Hunt reaffirmed a “hold” rating and issued a GBX 80 price objective on shares of Dowlais Group in a research note on Tuesday, November 11th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 83.

Dowlais Group Stock Up 4.0%

LON DWL opened at GBX 96.70 on Tuesday. The stock has a market capitalization of £1.27 billion and a PE ratio of -15.11. Dowlais Group has a 12-month low of GBX 46.98 and a 12-month high of GBX 97.25. The company has a 50 day moving average price of GBX 85.84 and a two-hundred day moving average price of GBX 80.34.

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. The company is also involved in the production of metal powders and powder metal parts for the automotive and industrial sectors, as well as the provision of hydrogen storage solutions.