Dowlais Group (LON:DWL) Hits New 1-Year High - Still a Buy?

Key Points

• Dowlais Group plc shares reached a new 52-week high of GBX 77.40 ($1.04) during mid-day trading, with a trading volume of over 2.6 million shares.
• Jefferies Financial Group has reiterated a "hold" rating on Dowlais Group with a price target of GBX 75 ($1.01).
• The company reported a quarterly EPS of GBX 5.60 ($0.08) amidst negative financial metrics, including a net margin of -11.24% and return on equity of -21.02%.

Dowlais Group plc (LON:DWL - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 77.40 ($1.05) and last traded at GBX 77.20 ($1.05), with a volume of 2632092 shares. The stock had previously closed at GBX 75.50 ($1.02).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a "hold" rating and set a GBX 75 ($1.02) target price on shares of Dowlais Group in a research note on Thursday, August 7th.

Dowlais Group Stock Down 0.5%

The company has a 50 day moving average price of GBX 70.06 and a 200-day moving average price of GBX 66.02. The company has a market cap of £1.04 billion and a price-to-earnings ratio of -2.03.

Dowlais Group (LON:DWL - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported GBX 5.60 ($0.08) earnings per share (EPS) for the quarter. Dowlais Group had a negative return on equity of 21.02% and a negative net margin of 11.24%. On average, analysts forecast that Dowlais Group plc will post 13.5660848 EPS for the current fiscal 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.