Berenberg Bank Reaffirms Hold Rating for Dowlais Group (LON:DWL)

Dowlais Group (LON:DWL)‘s stock had its “hold” rating reissued by equities researchers at Berenberg Bank in a report issued on Monday, MarketBeat.com reports. They currently have a GBX 62 ($0.78) target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 11.51% from the company’s current price.

Separately, Citigroup raised Dowlais Group to a “neutral” rating and set a GBX 58 ($0.73) price target on the stock in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 94 ($1.18).

Dowlais Group Price Performance

DWL opened at GBX 55.60 ($0.70) on Monday. The company has a 50 day simple moving average of GBX 53.80 and a two-hundred day simple moving average of GBX 63. The firm has a market cap of £756.16 million and a P/E ratio of -150.27. Dowlais Group has a 1-year low of GBX 47.32 ($0.59) and a 1-year high of GBX 109.15 ($1.37).

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.