Dowlais Group (LON:DWL) Hits New 52-Week High – Here’s What Happened

Dowlais Group plc (LON:DWL)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 86.55 and last traded at GBX 86.30, with a volume of 3837768 shares. The stock had previously closed at GBX 84.60.

Analyst Ratings Changes

DWL has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 77 price objective on shares of Dowlais Group in a research note on Wednesday, September 10th. Peel Hunt reissued a “hold” rating and issued a GBX 80 price target on shares of Dowlais Group in a research note on Tuesday, November 11th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 77.33.

Dowlais Group Stock Up 0.6%

The stock has a market cap of £1.14 billion and a price-to-earnings ratio of -13.53. The stock’s fifty day moving average is GBX 82.47 and its 200-day moving average is GBX 76.83.

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. 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.