Insider Buying: Dowlais Group plc (LON:DWL) Insider Acquires £19,924.50 in Stock

Dowlais Group plc (LON:DWL) insider Celia Baxter bought 26,566 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were bought at an average cost of GBX 75 ($0.95) per share, for a total transaction of £19,924.50 ($25,275.28).

Dowlais Group Trading Down 0.5 %

Shares of LON DWL opened at GBX 73.50 ($0.93) on Friday. The company has a 50 day simple moving average of GBX 75.56 and a two-hundred day simple moving average of GBX 85.28. The stock has a market cap of £1.01 billion and a price-to-earnings ratio of -202.92. Dowlais Group plc has a 12 month low of GBX 67.93 ($0.86) and a 12 month high of GBX 130.05 ($1.65).

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on Dowlais Group from GBX 104 ($1.32) to GBX 100 ($1.27) and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 150 ($1.90) price target on shares of Dowlais Group in a research note on Friday, March 22nd.

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.