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

Dowlais Group plc (LON:DWL)’s share price traded down 0.7% on Wednesday . The stock traded as low as GBX 71.45 ($0.90) and last traded at GBX 72.05 ($0.91). 10,094,308 shares changed hands during 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).

Analyst Ratings Changes

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

Dowlais Group Trading Up 2.5 %

The stock has a market capitalization of £1.00 billion and a P/E ratio of -1.95. The firm’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.