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

Key Points

• Dowlais Group plc reached a new 52-week high of GBX 80.40 ($1.09) during trading, with the stock last closing at GBX 80 ($1.08).
• Analysts have a consensus rating of "Hold" on Dowlais Group, with a recent price target set at GBX 65.
• The company's latest earnings report indicated a negative net margin of 11.24% and a negative return on equity of 21.02%, highlighting ongoing financial challenges.

Dowlais Group plc (LON:DWL - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 80.40 ($1.09) and last traded at GBX 80 ($1.08), with a volume of 2284401 shares trading hands. The stock had previously closed at GBX 79.20 ($1.07).

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DWL shares. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 75 price objective on shares of Dowlais Group in a research note on Thursday, August 7th. Royal Bank Of Canada cut Dowlais Group to a "sector perform" rating in a research note on Tuesday, August 19th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Dowlais Group has a consensus rating of "Hold" and a consensus price target of GBX 65.

Dowlais Group Stock Down 0.3%

The stock's fifty day moving average price is GBX 73.66 and its two-hundred day moving average price is GBX 66.83. The company has a market capitalization of £1.05 billion and a PE ratio of -1,246.09.

Dowlais Group (LON:DWL - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported GBX 5.60 earnings per share 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 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.

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