Dowlais Group plc (LON:DWL – Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as GBX 49.24 ($0.64) and last traded at GBX 49.24 ($0.64), with a volume of 7209329 shares changing hands. The stock had previously closed at GBX 50 ($0.65).
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on DWL shares. Jefferies Financial Group cut their target price on shares of Dowlais Group from GBX 135 ($1.75) to GBX 110 ($1.43) and set a “buy” rating for the company in a report on Friday, July 12th. Citigroup raised shares of Dowlais Group to a “neutral” rating and set a GBX 58 ($0.75) price objective for the company in a research note on Thursday, October 24th.
Check Out Our Latest Analysis on DWL
Dowlais Group Trading Down 2.4 %
Dowlais Group Cuts Dividend
The company also recently announced a dividend, which was paid on Friday, October 4th. Stockholders of record on Thursday, August 29th were issued a GBX 1.40 ($0.02) dividend. The ex-dividend date was Thursday, August 29th. This represents a dividend yield of 2.28%. Dowlais Group’s dividend payout ratio (DPR) is presently -1,081.08%.
Insider Activity at Dowlais Group
In other Dowlais Group news, insider Roberto Fioroni purchased 83,925 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of GBX 59 ($0.77) per share, with a total value of £49,515.75 ($64,214.43). 1.78% of the stock is currently owned by insiders.
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.
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