Dowlais Group (LON:DWL) Trading Up 1.4% - Still a Buy?

Shares of Dowlais Group plc (LON:DWL - Get Free Report) shot up 1.4% during 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 were traded during 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 equities analysts have recently weighed in on DWL shares. Citigroup raised shares of Dowlais Group to a "neutral" rating and set a GBX 58 ($0.71) price objective on the stock in a research report on Thursday, October 24th. Berenberg Bank reissued a "hold" rating and issued a GBX 62 ($0.76) price target on shares of Dowlais Group in a report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of GBX 94 ($1.15).

Dowlais Group Stock Down 2.5 %

The stock has a fifty day moving average price of GBX 59.43 and a two-hundred day moving average price of GBX 61.32. The company has a market cap of £879.50 million and a price-to-earnings ratio of -174.78.

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.