Dowlais Group (LON:DWL) Hits New 52-Week Low at $67.80

Dowlais Group plc (LON:DWL) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 67.80 ($0.88) and last traded at GBX 67.80 ($0.88), with a volume of 5933703 shares trading hands. The stock had previously closed at GBX 68.20 ($0.88).

Wall Street Analyst Weigh In

Several analysts have commented on DWL shares. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 150 ($1.95) target price on shares of Dowlais Group in a research note on Friday, March 22nd. Jefferies Financial Group dropped their price target on Dowlais Group from GBX 135 ($1.75) to GBX 110 ($1.43) and set a “buy” rating on the stock in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. dropped their price target on Dowlais Group from GBX 100 ($1.30) to GBX 90 ($1.17) and set a “neutral” rating on the stock in a research note on Monday, July 1st.

Dowlais Group Trading Down 0.6 %

The stock has a market capitalization of £935.64 million and a PE ratio of -189.72. The stock has a 50 day moving average price of GBX 72.67 and a 200-day moving average price of GBX 82.01.

Insider Buying and Selling

In related news, insider Celia Baxter bought 26,566 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were bought at an average cost of GBX 75 ($0.97) per share, with a total value of £19,924.50 ($25,839.06). 1.71% of the stock is owned by insiders.

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.