Dowlais Group (LON:DWL) Shares Up 7.7% - Should You Buy?

Dowlais Group plc (LON:DWL - Get Free Report) traded up 7.7% during mid-day trading on Wednesday . The stock traded as high as GBX 76 ($0.95) and last traded at GBX 73.60 ($0.92). 100,944,828 shares traded hands during mid-day trading, an increase of 386% from the average session volume of 20,770,328 shares. The stock had previously closed at GBX 68.35 ($0.85).

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 62 ($0.77) price target 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) price target on the stock in a report on Thursday, October 24th. 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 stock currently has an average rating of "Hold" and a consensus price target of GBX 94 ($1.17).

Dowlais Group Price Performance

The firm's 50-day moving average is GBX 65.35 and its 200 day moving average is GBX 60.91. The stock has a market cap of £942.48 million and a price-to-earnings ratio of -187.30.

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.