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

by · The Cerbat Gem

Dowlais Group plc (LON:DWL – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 86.55 and last traded at GBX 86.30, with a volume of 3837768 shares trading hands. The stock had previously closed at GBX 84.60.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Peel Hunt reiterated a “hold” rating and set a GBX 80 target price on shares of Dowlais Group in a research note on Tuesday, November 11th. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 77 price objective on shares of Dowlais Group in a report on Wednesday, September 10th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 77.33.

Read Our Latest Stock Report on DWL

Dowlais Group Stock Performance

The company has a market capitalization of £1.13 billion and a PE ratio of -13.45. The stock’s 50 day moving average is GBX 82.09 and its 200 day moving average is GBX 76.62.

About Dowlais Group

(Get Free Report)

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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