Dowlais Group (LON:DWL) Sets New 52-Week High – What’s Next?

Dowlais Group plc (LON:DWL)’s stock price hit a new 52-week high on Wednesday . The company traded as high as GBX 88.70 and last traded at GBX 88.45, with a volume of 17121629 shares changing hands. The stock had previously closed at GBX 85.75.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reissued a “hold” rating and set a GBX 80 price objective on shares of Dowlais Group in a report on Tuesday, November 11th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 77.33.

Dowlais Group Trading Down 1.8%

The company has a market capitalization of £1.17 billion and a price-to-earnings ratio of -13.98. The company has a 50 day moving average price of GBX 83.93 and a 200 day moving average price of GBX 78.61.

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. The company is also involved in the production of metal powders and powder metal parts for the automotive and industrial sectors, as well as the provision of hydrogen storage solutions.