Dowlais Group (LON:DWL) Shares Up 0.2%

Shares of Dowlais Group plc (LON:DWL) were up 0.2% during trading on Thursday . The company traded as high as GBX 58.75 ($0.79) and last traded at GBX 57.40 ($0.77). Approximately 3,044,979 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 8,253,936 shares. The stock had previously closed at GBX 57.30 ($0.77).

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Jefferies Financial Group reduced their target price on shares of Dowlais Group from GBX 135 ($1.81) to GBX 110 ($1.47) and set a “buy” rating on the stock in a report on Friday, July 12th. JPMorgan Chase & Co. reduced their price objective on Dowlais Group from GBX 100 ($1.34) to GBX 90 ($1.21) and set a “neutral” rating on the stock in a research note on Monday, July 1st.

Dowlais Group Stock Up 4.4 %

The company has a market cap of £815.32 million and a PE ratio of -162.03. The business’s 50 day moving average price is GBX 62.52 and its 200-day moving average price is GBX 71.53.

Dowlais Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 4th. Shareholders of record on Thursday, August 29th will be given a GBX 1.40 ($0.02) dividend. The ex-dividend date is Thursday, August 29th. This represents a yield of 2.28%. Dowlais Group’s payout ratio is currently -1,081.08%.

Insider Activity

In other Dowlais Group news, insider Roberto Fioroni purchased 83,925 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average price of GBX 59 ($0.79) per share, for a total transaction of £49,515.75 ($66,303.90). Insiders own 1.78% 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.