Dowlais Group (LON:DWL) Hits New 52-Week High - Time to Buy?

Key Points

• Dowlais Group plc shares hit a new 52-week high of GBX 80.15, closing at GBX 78.85 with a trading volume of over 3.7 million shares.
• Analysts have rated Dowlais Group as a "Hold", with a consensus price target of GBX 65, following a downgrade from Royal Bank Of Canada.
• The company reported a negative return on equity of 21.02% and a negative net margin of 11.24% in its latest quarterly earnings.

Dowlais Group plc (LON:DWL - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as GBX 80.15 ($1.08) and last traded at GBX 78.85 ($1.06), with a volume of 3721872 shares traded. The stock had previously closed at GBX 77.50 ($1.05).

Wall Street Analyst Weigh In

DWL has been the subject of several research reports. Royal Bank Of Canada lowered shares of Dowlais Group to a "sector perform" rating in a research report on Tuesday, August 19th. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 75 price target on shares of Dowlais Group in a report on Thursday, August 7th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of GBX 65.

Dowlais Group Trading Down 1.1%

The stock's 50-day moving average is GBX 73.39 and its two-hundred day moving average is GBX 66.85. The company has a market capitalization of £1.04 billion and a PE ratio of -1,237.50.

Dowlais Group (LON:DWL - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported GBX 5.60 earnings per share (EPS) for the quarter. Dowlais Group had a negative net margin of 11.24% and a negative return on equity of 21.02%. On average, equities research 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.