Dowlais Group (LON:DWL) Stock Price Down 0% - Here's What Happened

Dowlais Group plc (LON:DWL - Get Free Report)'s share price dropped 0% during trading on Wednesday . The company traded as low as GBX 63.70 ($0.80) and last traded at GBX 63.93 ($0.80). Approximately 4,103,913 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 7,627,701 shares. The stock had previously closed at GBX 63.95 ($0.80).

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Berenberg Bank reiterated a "hold" rating and set a GBX 62 ($0.77) price objective on shares of Dowlais Group in a report on Monday, November 25th. Citigroup raised shares of Dowlais Group to a "neutral" rating and set a GBX 58 ($0.72) target price for the company in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of GBX 94 ($1.17).

Dowlais Group Price Performance

The business's 50-day simple moving average is GBX 55.48 and its two-hundred day simple moving average is GBX 61.99. The stock has a market cap of £869.72 million and a price-to-earnings ratio of -172.84.

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.