Dowlais Group (LON:DWL) Lifted to Neutral at Citigroup

Dowlais Group (LON:DWL) was upgraded by equities research analysts at Citigroup to a “neutral” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage currently has a GBX 58 ($0.75) price objective on the stock. Citigroup’s price target would indicate a potential upside of 9.33% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Dowlais Group from GBX 100 ($1.30) to GBX 90 ($1.17) and set a “neutral” rating for the company in a report on Monday, July 1st. Jefferies Financial Group cut their target price on shares of Dowlais Group from GBX 135 ($1.75) to GBX 110 ($1.43) and set a “buy” rating for the company in a research note on Friday, July 12th.

Dowlais Group Stock Down 3.2 %

Shares of Dowlais Group stock opened at GBX 53.05 ($0.69) on Thursday. The business has a fifty day simple moving average of GBX 58.95 and a 200-day simple moving average of GBX 67.88. Dowlais Group has a fifty-two week low of GBX 49.44 ($0.64) and a fifty-two week high of GBX 109.95 ($1.43). The firm has a market cap of £721.48 million and a price-to-earnings ratio of -144.57.

Insiders Place Their Bets

In other news, insider Roberto Fioroni purchased 83,925 shares of Dowlais Group stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average price of GBX 59 ($0.77) per share, for a total transaction of £49,515.75 ($64,289.47). Corporate insiders own 1.78% of the company’s stock.

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.