Dowlais Group (LON:DWL) Price Target Cut to GBX 90 by Analysts at JPMorgan Chase & Co.

Dowlais Group (LON:DWL) had its price objective decreased by stock analysts at JPMorgan Chase & Co. from GBX 100 ($1.27) to GBX 90 ($1.14) in a report issued on Monday, LSE.Co.UK reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 27.30% from the stock’s current price.

Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 150 ($1.90) price target on shares of Dowlais Group in a report on Friday, March 22nd.

Dowlais Group Trading Down 3.3 %

Shares of LON DWL traded down GBX 2.40 ($0.03) during trading hours on Monday, reaching GBX 70.70 ($0.90). The stock had a trading volume of 10,843,613 shares, compared to its average volume of 7,611,000. The business’s fifty day moving average price is GBX 75.26 and its two-hundred day moving average price is GBX 84.78. The firm has a market cap of £975.66 million and a price-to-earnings ratio of -197.78. Dowlais Group has a 52-week low of GBX 67.93 ($0.86) and a 52-week high of GBX 130.05 ($1.65).

Insider Transactions at Dowlais Group

In other Dowlais Group news, insider Celia Baxter bought 26,566 shares of Dowlais Group stock in a transaction dated Tuesday, June 25th. The stock was acquired at an average cost of GBX 75 ($0.95) per share, with a total value of £19,924.50 ($25,275.28). In other news, insider Shali Vasudeva bought 24,215 shares of Dowlais Group stock in a transaction on Monday, April 15th. The stock was acquired at an average price of GBX 82 ($1.04) per share, with a total value of £19,856.30 ($25,188.76). Also, insider Celia Baxter bought 26,566 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was purchased at an average price of GBX 75 ($0.95) per share, for a total transaction of £19,924.50 ($25,275.28). Corporate 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.