Royal Bank Of Canada Reaffirms Sector perform Rating for Dowlais Group (LON:DWL)

Key Points

• Dowlais Group has had its "sector perform" rating reaffirmed by Royal Bank of Canada, which set a target price of GBX 77, indicating a potential downside of 2.53% from its current price.
• The company currently has a consensus rating of "Hold" among four analysts with an average price target of GBX 68.
• As of the latest earnings report, Dowlais Group posted GBX 5.60 earnings per share but has a negative return on equity of 21.02% and a negative net margin of 11.24%.

Royal Bank Of Canada reissued their sector perform rating on shares of Dowlais Group (LON:DWL - Free Report) in a research report released on Wednesday morning, MarketBeat.com reports. They currently have a GBX 77 price target on the stock.

Separately, Jefferies Financial Group reissued a "hold" rating and issued a GBX 75 target price 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, Dowlais Group has a consensus rating of "Hold" and an average price target of GBX 68.

Dowlais Group Stock Performance

LON DWL traded up GBX 0.85 during trading on Wednesday, reaching GBX 80.20. 2,727,862 shares of the company traded hands, compared to its average volume of 8,433,844. The company has a market cap of £1.05 billion and a price-to-earnings ratio of -1,253.13. Dowlais Group has a 1-year low of GBX 46.98 and a 1-year high of GBX 80.80. The stock's 50 day moving average price is GBX 74.77 and its two-hundred day moving average price is GBX 67.13.

Dowlais Group (LON:DWL - Get Free Report) last announced its earnings results 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%. Equities research analysts expect that Dowlais Group 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.