Dowlais Group (LON:DWL) Stock Rating Upgraded by Citigroup

Dowlais Group (LON:DWL) was upgraded by stock analysts at Citigroup to a “neutral” rating in a research report issued on Thursday, Marketbeat reports. The brokerage presently has a GBX 58 ($0.75) target price on the stock. Citigroup’s target price would indicate a potential upside of 9.33% from the company’s previous close.

A number of other research firms also recently issued reports on DWL. Jefferies Financial Group reduced their price target on shares of Dowlais Group from GBX 135 ($1.75) to GBX 110 ($1.43) and set a “buy” rating on the stock in a research report on Friday, July 12th. JPMorgan Chase & Co. cut their target price on shares of Dowlais Group from GBX 100 ($1.30) to GBX 90 ($1.17) and set a “neutral” rating on the stock in a report on Monday, July 1st.

Dowlais Group Price Performance

Shares of DWL opened at GBX 53.05 ($0.69) on Thursday. The stock has a market capitalization of £721.48 million and a PE ratio of -144.57. The business’s fifty day moving average price is GBX 58.95 and its 200 day moving average price is GBX 67.88. Dowlais Group has a 12-month low of GBX 49.44 ($0.64) and a 12-month high of GBX 109.95 ($1.43).

Insider Activity

In other Dowlais Group news, insider Roberto Fioroni purchased 83,925 shares of Dowlais Group stock in a transaction on Tuesday, August 13th. The stock was bought at an average price of GBX 59 ($0.77) per share, for a total transaction of £49,515.75 ($64,289.47). Corporate insiders own 1.78% of the company’s stock.

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.