Dowlais Group (LON:DWL) Sets New 12-Month High – What’s Next?

Dowlais Group plc (LON:DWL) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 93.40 and last traded at GBX 93, with a volume of 2163190 shares traded. The stock had previously closed at GBX 91.85.

Analyst Ratings Changes

Separately, Peel Hunt reiterated a “hold” rating and issued a GBX 80 price target on shares of Dowlais Group in a report on Tuesday, November 11th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Dowlais Group has an average rating of “Hold” and an average target price of GBX 77.33.

Dowlais Group Price Performance

The firm has a market cap of £1.22 billion and a PE ratio of -14.56. The business has a 50-day moving average price of GBX 84.76 and a two-hundred day moving average price of GBX 79.43.

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.