Dowlais Group plc (LON:DWL – Get Free Report) shares shot up 3% during trading on Wednesday . The stock traded as high as GBX 62.85 ($0.83) and last traded at GBX 62.25 ($0.82). 1,951,737 shares changed hands during trading, a decline of 73% from the average session volume of 7,185,094 shares. The stock had previously closed at GBX 60.45 ($0.79).
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. Jefferies Financial Group decreased their price target on Dowlais Group from GBX 135 ($1.78) to GBX 110 ($1.45) and set a “buy” rating for the company in a research note on Friday, July 12th. JPMorgan Chase & Co. decreased their target price on shares of Dowlais Group from GBX 100 ($1.31) to GBX 90 ($1.18) and set a “neutral” rating for the company in a research report on Monday, July 1st.
Read Our Latest Stock Report on Dowlais Group
Dowlais Group Stock Up 3.0 %
Dowlais Group Cuts Dividend
The firm also recently announced a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, August 29th will be given a dividend of GBX 1.40 ($0.02) per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a dividend yield of 2.28%. Dowlais Group’s payout ratio is -1,081.08%.
Insider Buying and Selling
In other Dowlais Group news, insider Roberto Fioroni purchased 83,925 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of GBX 59 ($0.78) per share, for a total transaction of £49,515.75 ($65,109.47). In related news, insider Roberto Fioroni purchased 83,925 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was purchased at an average cost of GBX 59 ($0.78) per share, with a total value of £49,515.75 ($65,109.47). Also, insider Celia Baxter acquired 26,566 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were bought at an average price of GBX 75 ($0.99) per share, for a total transaction of £19,924.50 ($26,199.21). 1.77% of the stock is currently owned by insiders.
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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