Dowlais Group (LON:DWL) Hits New 52-Week High - Here's What Happened

Key Points

• Dowlais Group shares reached a new 52-week high of GBX 80 ($1.08) during trading, closing at GBX 79.59 ($1.07) with over 194,000 shares traded.
• Analyst ratings have varied, with Royal Bank of Canada downgrading the stock to a "sector perform" and Jefferies maintaining a hold rating with a target price of GBX 75.
• The company's latest quarterly report showed an earnings per share of GBX 5.60, but it faces challenges with a negative return on equity of 21.02% and a negative net margin of 11.24%.

Dowlais Group plc (LON:DWL - Get Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 80 ($1.08) and last traded at GBX 79.59 ($1.07), with a volume of 194985 shares trading hands. The stock had previously closed at GBX 79.10 ($1.07).

Analyst Ratings Changes

Several brokerages have recently commented on DWL. Royal Bank Of Canada downgraded Dowlais Group to a "sector perform" rating in a research note on Tuesday, August 19th. Jefferies Financial Group reiterated a "hold" rating and set a GBX 75 price target on shares of Dowlais Group in a report on Thursday, August 7th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Dowlais Group currently has a consensus rating of "Hold" and an average target price of GBX 65.

Dowlais Group Trading Up 0.2%

The firm has a fifty day simple moving average of GBX 71.71 and a two-hundred day simple moving average of GBX 66.39. The stock has a market cap of £1.07 billion and a PE ratio of -2.08.

Dowlais Group (LON:DWL - Get Free Report) last released 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%. Equities analysts forecast that Dowlais Group plc will post 13.5660848 earnings per share for the current year.

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.

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