Dowlais Group (LON:DWL) Hits New 52-Week High – Should You Buy?

Dowlais Group plc (LON:DWL)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as GBX 86 and last traded at GBX 85.25, with a volume of 898336 shares changing hands. The stock had previously closed at GBX 85.40.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DWL shares. Jefferies Financial Group reissued a “hold” rating and set a GBX 75 target price on shares of Dowlais Group in a research note on Thursday, August 7th. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 77 target price on shares of Dowlais Group in a report on Wednesday, September 10th. Finally, Peel Hunt reiterated a “hold” rating and set 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 77.33.

Dowlais Group Trading Down 0.3%

The company has a market capitalization of £1.12 billion and a PE ratio of -13.30. The company’s 50 day moving average price is GBX 81.14 and its 200-day moving average price is GBX 74.91.

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.