Dowlais Group (LON:DWL) Trading 1.4% Higher - What's Next?

Dowlais Group plc (LON:DWL - Get Free Report)'s stock price shot up 1.4% during mid-day trading on Thursday . The company traded as high as GBX 66.80 ($0.82) and last traded at GBX 66.60 ($0.81). 2,783,927 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 2,982,377 shares. The stock had previously closed at GBX 65.65 ($0.80).

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DWL. Citigroup upgraded Dowlais Group to a "neutral" rating and set a GBX 58 ($0.71) price objective on the stock in a report on Thursday, October 24th. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 62 ($0.76) price target on shares of Dowlais Group in a research note on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of GBX 94 ($1.15).

Dowlais Group Trading Down 2.5 %

The company has a market capitalization of £879.50 million and a P/E ratio of -174.78. The firm's 50 day moving average price is GBX 59.43 and its two-hundred day moving average price is GBX 61.32.

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.