Dowlais Group (LON:DWL) Stock Price Down 0.7% – Should You Sell?

Dowlais Group plc (LON:DWL) traded down 0.7% on Wednesday . The company traded as low as GBX 71.45 ($0.90) and last traded at GBX 72.05 ($0.91). 10,094,308 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 14,097,284 shares. The stock had previously closed at GBX 72.55 ($0.91).

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Citigroup raised shares of Dowlais Group to a “neutral” rating and set a GBX 58 ($0.73) target price for the company in a research note on Thursday, October 24th. Berenberg Bank reiterated a “hold” rating and set a GBX 62 ($0.78) price target on shares of Dowlais Group in a research report on Monday, November 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 94 ($1.18).

Dowlais Group Stock Up 2.5 %

The stock has a market cap of £1.00 billion and a price-to-earnings ratio of -1.95. The stock’s fifty day moving average is GBX 67.56 and its 200-day moving average is GBX 61.22.

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.