Jefferies Financial Group Cuts Dowlais Group (LON:DWL) Price Target to GBX 110

Dowlais Group (LON:DWL) had its price target cut by research analysts at Jefferies Financial Group from GBX 135 ($1.73) to GBX 110 ($1.41) in a research note issued to investors on Friday, LSE.Co.UK reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 54.49% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. decreased their price objective on shares of Dowlais Group from GBX 100 ($1.28) to GBX 90 ($1.15) and set a “neutral” rating for the company in a research report on Monday, July 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 150 ($1.92) price target on shares of Dowlais Group in a report on Friday, March 22nd.

Dowlais Group Trading Down 3.5 %

LON:DWL traded down GBX 2.55 ($0.03) during mid-day trading on Friday, hitting GBX 71.20 ($0.91). The stock had a trading volume of 4,399,394 shares, compared to its average volume of 7,464,552. Dowlais Group has a twelve month low of GBX 67.93 ($0.87) and a twelve month high of GBX 128.20 ($1.64). The stock has a 50-day simple moving average of GBX 73.30 and a two-hundred day simple moving average of GBX 83.06. The company has a market capitalization of £982.56 million and a PE ratio of -197.78.

Insider Activity at Dowlais Group

In related news, insider Shali Vasudeva purchased 24,215 shares of Dowlais Group stock in a transaction that occurred on Monday, April 15th. The stock was purchased at an average cost of GBX 82 ($1.05) per share, with a total value of £19,856.30 ($25,433.97). In other news, insider Celia Baxter purchased 26,566 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were purchased at an average price of GBX 75 ($0.96) per share, for a total transaction of £19,924.50 ($25,521.33). Also, insider Shali Vasudeva acquired 24,215 shares of Dowlais Group stock in a transaction on Monday, April 15th. The stock was purchased at an average price of GBX 82 ($1.05) per share, with a total value of £19,856.30 ($25,433.97). Insiders own 1.71% 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.