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

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) reached a new 52-week high 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. The stock had previously closed at GBX 79.20 ($1.07).

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DWL shares. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a GBX 77 price target on shares of Dowlais Group in a report on Wednesday. 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, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of GBX 68.

Dowlais Group Stock Performance

The company has a 50 day simple moving average of GBX 74.55 and a 200 day simple moving average of GBX 67.06. The company has a market capitalization of £1.04 billion and a PE ratio of -1,242.19.

Dowlais Group (LON:DWL - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported GBX 5.60 EPS 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, equities research analysts anticipate that Dowlais Group plc will post 13.5660848 EPS 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.