Free Trial

Dowlais Group (LON:DWL) Raised to Neutral at Citigroup

Dowlais Group logo with Consumer Cyclical background

Citigroup upgraded shares of Dowlais Group (LON:DWL - Free Report) to a neutral rating in a report published on Thursday, LSE.Co.UK reports. The brokerage currently has GBX 58 ($0.75) price objective on the stock.

DWL has been the topic of a number of other research reports. Jefferies Financial Group reduced their target price on Dowlais Group from GBX 135 ($1.75) to GBX 110 ($1.43) and set a "buy" rating on the stock in a report on Friday, July 12th. JPMorgan Chase & Co. decreased their target price on Dowlais Group from GBX 100 ($1.30) to GBX 90 ($1.17) and set a "neutral" rating on the stock in a research report on Monday, July 1st.

Get Our Latest Analysis on DWL

Dowlais Group Stock Performance

Shares of LON DWL traded up GBX 1.15 ($0.01) during mid-day trading on Thursday, reaching GBX 54.80 ($0.71). The company had a trading volume of 3,762,296 shares, compared to its average volume of 8,156,563. The firm has a market cap of £745.28 million and a price-to-earnings ratio of -148.11. The business's 50-day simple moving average is GBX 59.14 and its 200 day simple moving average is GBX 67.97. Dowlais Group has a one year low of GBX 49.44 ($0.64) and a one year high of GBX 109.95 ($1.43).

Dowlais Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 4th. Investors of record on Thursday, August 29th were given a dividend of GBX 1.40 ($0.02) per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a yield of 2.28%. Dowlais Group's dividend payout ratio is currently -1,081.08%.

Insiders Place Their Bets

In other Dowlais Group news, insider Roberto Fioroni bought 83,925 shares of the business's stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of GBX 59 ($0.77) per share, for a total transaction of £49,515.75 ($64,289.47). Insiders own 1.78% of the company's stock.

About Dowlais Group

(Get Free Report)

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.

See Also

Should you invest $1,000 in Dowlais Group right now?

Before you consider Dowlais Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dowlais Group wasn't on the list.

While Dowlais Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2024 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

ISRG Stock Surges: AI and Healthcare Innovation at the Core
Energy Vault’s 100% Stock Jump: CEO Discusses $350M Project in Australia in MarketBeat CEO Series
Market Shifts After Election: What Stocks Could Benefit Most?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines