Dowlais Group (LON:DWL) Upgraded by Citigroup to “Neutral”

Citigroup upgraded shares of Dowlais Group (LON:DWL) to a neutral rating in a research note released on Thursday morning, MarketBeat.com reports. They currently have GBX 58 ($0.75) target price on the stock.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. decreased their target price on Dowlais Group from GBX 100 ($1.30) to GBX 90 ($1.17) and set a “neutral” rating on the stock in a research report on Monday, July 1st. Jefferies Financial Group decreased their target price on Dowlais Group from GBX 135 ($1.75) to GBX 110 ($1.43) and set a “buy” rating on the stock in a research report on Friday, July 12th.

Dowlais Group Trading Down 2.7 %

Dowlais Group stock opened at GBX 53.49 ($0.69) on Thursday. Dowlais Group has a 12 month low of GBX 49.44 ($0.64) and a 12 month high of GBX 109.95 ($1.43). The stock’s 50 day moving average is GBX 58.73 and its 200-day moving average is GBX 67.54. The company has a market capitalization of £727.46 million and a price-to-earnings ratio of -143.38.

Dowlais Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, October 4th. Investors of record on Thursday, August 29th were paid a GBX 1.40 ($0.02) dividend. This represents a dividend yield of 2.28%. The ex-dividend date was Thursday, August 29th. Dowlais Group’s dividend payout ratio (DPR) is currently -1,081.08%.

Insider Activity at Dowlais Group

In related news, insider Roberto Fioroni purchased 83,925 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average cost of GBX 59 ($0.77) per share, for a total transaction of £49,515.75 ($64,289.47). 1.78% of the stock is currently owned by corporate 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.