Dowlais Group (LON:DWL) Reaches New 12-Month High - What's Next?

Key Points

• Dowlais Group plc reached a new 52-week high of GBX 80.65 ($1.10) during trading, closing at GBX 80.38 ($1.09) with a trading volume of over 16 million shares.
• Analysts have mixed ratings on Dowlais, with Jefferies Financial Group initiating a "hold" rating and setting a price target of GBX 75, while the consensus price target is GBX 68.
• The company reported a negative PE ratio of -1,255.48 and anticipates posting earnings per share of approximately 13.57 for the current year.

Dowlais Group plc (LON:DWL - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 80.65 ($1.09) and last traded at GBX 80.38 ($1.08), with a volume of 16712268 shares traded. The stock had previously closed at GBX 79.35 ($1.07).

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DWL shares. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 77 target price on shares of Dowlais Group in a research report on Wednesday, September 10th. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 75 target price on shares of Dowlais Group in a research report on Thursday, August 7th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, Dowlais Group currently has a consensus rating of "Hold" and a consensus price target of GBX 68.

Dowlais Group Price Performance

The firm has a market cap of £1.08 billion and a PE ratio of -1,282.03. The business has a fifty day moving average price of GBX 75.79 and a two-hundred day moving average price of GBX 67.50.

Dowlais Group (LON:DWL - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported GBX 5.60 earnings per share for the quarter. Dowlais Group had a negative return on equity of 21.02% and a negative net margin of 11.24%. As a group, sell-side analysts forecast that Dowlais Group plc will post 13.5660848 EPS for the current fiscal year.

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.