Dowlais Group (LON:DWL) Hits New 1-Year High Following Analyst Upgrade

Dowlais Group plc (LON:DWL) reached a new 52-week high on Wednesday after Royal Bank Of Canada raised their price target on the stock from GBX 85 to GBX 94. Royal Bank Of Canada currently has a sector perform rating on the stock. Dowlais Group traded as high as GBX 96.90 and last traded at GBX 96.35, with a volume of 5352084 shares trading hands. The stock had previously closed at GBX 93.

Separately, Peel Hunt reiterated a “hold” rating and set a GBX 80 target price on shares of Dowlais Group in a research report on Tuesday, November 11th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 83.

Dowlais Group Stock Performance

The firm’s fifty day moving average is GBX 86.12 and its 200-day moving average is GBX 80.46. The company has a market capitalization of £1.28 billion and a P/E ratio of -15.25.

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.