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
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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.
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